Certified Internal Auditor Regulatory Frameworks & Compliance 5

Question 1

Which of the following best describes a 'gap analysis' in the context of regulatory compliance?

Accepted Answer

A comparison of current practices against regulatory requirements to identify deficiencies

Answer

A gap analysis systematically compares an organization's existing controls and practices against required standards to identify where compliance is deficient.

Question 2

Under the Americans with Disabilities Act (ADA), which of the following is a covered employer's primary obligation?

Accepted Answer

Providing reasonable accommodations unless it causes undue hardship

Answer

The ADA requires covered employers to provide reasonable accommodations to qualified individuals with disabilities unless doing so would impose undue hardship.

Question 3

An internal auditor assessing OSHA compliance would primarily review which of the following?

Accepted Answer

Workplace safety standards adherence, hazard communication, and recordkeeping

Answer

OSHA audits focus on compliance with safety standards, proper hazard communication (GHS/SDS), and accurate recordkeeping of workplace injuries and illnesses.

Question 4

Which concept describes a company's self-imposed standards that go beyond minimum legal and regulatory requirements?

Accepted Answer

Ethics-based compliance

Answer

Ethics-based compliance refers to an organization adopting standards driven by values and integrity rather than merely meeting the minimum requirements of law.

Question 5

A multinational company is subject to both the US FCPA and the UK Bribery Act. Which statement correctly identifies a key difference?

Accepted Answer

The UK Bribery Act covers facilitation payments; the FCPA permits them in limited circumstances

Answer

A key difference is that the UK Bribery Act prohibits facilitation (grease) payments absolutely, while the FCPA has historically permitted small facilitation payments.

Certified Internal Auditor Practice Test

Certified Internal Auditor Practice Test

Certified Internal Auditor Regulatory Frameworks & Compliance 5