Regulatory and Compliance Fundamentals Questions

Core understanding of regulatory and compliance concepts relevant across industries. Candidates should be able to describe why compliance matters, the purpose and process of audits, how regulatory requirements are established and enforced, and common frameworks used to demonstrate compliance. This includes familiarity with major privacy and data protection laws, industry specific requirements at a high level, and the distinction between principles based and rules based regulatory approaches. Emphasis is on conceptual knowledge, how to recognize applicable regulations, and basic compliance responsibilities rather than deep specialized implementation details.