Get the Preplance app for a seamless learning experience. Practice offline, get daily streaks, and stay ahead with real-time interview updates.
Get it on
Google Play
4.9/5 Rating on Store
Risk & Compliance · Question Set
AuditSim interview questions for placements and exams.
Questions
8
Included in this set
Subject
Risk & Compliance
Explore more sets
Difficulty
Mixed
Level of this set
Go through each question and its explanation. Use this set as a focused practice pack for Risk & Compliance .
Auditors rely on tangible evidence such as logs, reports, screenshots, or policy documents to verify that controls work as described. Evidence must be authentic, complete, and traceable to support audit conclusions.
For complete preparation, combine this set with full subject-wise practice for Risk & Compliance . You can also explore other subjects and sets from the links below.
Auditors use sampling to review a representative subset of data. Proper sampling ensures conclusions can be drawn efficiently without missing critical trends. It’s a balance between thoroughness and practicality.
Audit findings are prioritized using risk assessment — considering how severe and likely each issue is. High-risk findings demand urgent attention, while low-risk items may be tracked for later remediation or monitoring.
An audit trail shows the sequence of actions, communications, and evidence collected during the audit. It ensures transparency and enables reviewers or regulators to verify how conclusions were reached.
An ISO 27001 audit reviews whether the Information Security Management System (I S M S) is properly implemented and effective. It ensures continuous risk management, policy enforcement, and alignment with ISO best practices for protecting information assets.
Compliance audits focus on whether an organization follows specific rules or frameworks like GDPR or HIPAA. Risk audits take a broader view, analyzing threats, vulnerabilities, and control effectiveness. Both together provide a full security picture.
A cybersecurity audit checks whether policies, controls, and practices are properly designed and functioning. It helps verify compliance with standards like ISO 27001, NIST, or local data protection laws. The outcome supports accountability and continuous improvement.
A nonconformance represents a deviation between what is required and what is implemented. It could be a missing control, weak procedure, or policy violation. Each nonconformance needs corrective action and follow-up verification.