As part of a settlement with the FTC, Facebook agreed to submit to anexternalaudit of its privacy policies and practices every two years for the next 20 years.
During that time companies wouldn't have to undergo the Sarbanes-Oxley law's redundant externalaudit of an internal audit of their business processes which of course comes on top of the internal and external financial audits.
The independent external auditor is a licensed professional who works for a public accounting firm and performs anaudit of the financial statements of a company, government, individual, or any other legal entity or organization.