Identifying Noncompliance Issues with Legal, Regulatory, and Contractual Requirements

Best Approach to Identify Noncompliance Issues

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Question

Which of the following is the BEST approach to identify noncompliance issues with legal, regulatory, and contractual requirements?

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A. B. C. D.

D.

The BEST approach to identify noncompliance issues with legal, regulatory, and contractual requirements is a gap analysis. A gap analysis is a tool used to compare current practices against best practices, legal requirements, and industry standards to identify any gaps or areas for improvement.

A vulnerability assessment is a tool that identifies vulnerabilities in the IT infrastructure, but it does not directly address legal, regulatory, or contractual requirements.

A risk assessment is a tool used to identify risks to the organization, including legal and regulatory compliance risks. However, it does not focus specifically on identifying noncompliance issues.

A business impact analysis (BIA) is a tool used to identify critical business processes and the potential impact of disruptions to those processes. While legal and regulatory requirements may be considered in a BIA, it is not the primary focus of the analysis.

In summary, a gap analysis is the BEST approach to identify noncompliance issues with legal, regulatory, and contractual requirements because it directly compares current practices to legal requirements and industry standards.