Continuous Automated Compliance Validation CT-FT Practice Questions (Page 3)

Questions 11–15

1. 11foundation · easy

   Which practice is recommended when implementing continuous automated compliance validation in finance?

   • ARunning the checks only in the production environment
   • BInvolving compliance and risk teams in defining the automated checks
   • CAvoiding any documentation of the automated compliance process
   • DKeeping the automated checks a secret from the development team
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2. 12expert · hard

   A financial institution is considering replacing their annual compliance audit with continuous automated compliance validation. The compliance team argues that continuous validation is more effective because it runs frequently. However, the internal audit department insists that a periodic audit is still necessary. Which statement best explains why both approaches are needed?

   • AContinuous validation is only useful for IT systems, not for financial processes.
   • BPeriodic audits provide independent, in-depth review that complements continuous automated checks.
   • CContinuous validation is faster but less accurate than periodic audits.
   • DPeriodic audits are required by law, while continuous validation is optional.
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4. 13foundation · easy

   In compliance testing, what does 'continuous automated compliance validation' primarily involve?

   • ARunning compliance checks at regular intervals using automated tools
   • BUsing external auditors to validate compliance annually
   • CConducting a single, comprehensive compliance review before system release
   • DManually reviewing compliance documentation on a quarterly basis
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5. 14foundation · easy

   What is a common technology used to automate compliance checks in a continuous validation setup?

   • AManual code reviews performed by senior developers
   • BAutomated test scripts that verify compliance rules
   • CStatic analysis tools that only check code style
   • DEmail notifications for compliance deadlines
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6. 15foundation · easy

   What is a best practice for implementing continuous automated compliance validation in a finance testing context?

   • AStart with a small set of high-priority compliance rules and expand gradually
   • BRun compliance checks only after major releases
   • CAutomate all compliance checks at once, regardless of complexity
   • DUse manual processes for all compliance validation
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