OneTrust Certified Privacy Professional Practice Exam

TRUE OR FALSE: You must manage all risks flagged in an assessment before approving an assessment.

1. True

2. False

3. Partially True

4. True, unless the risks are low severity

5. False, risks can be addressed post-approval

6. Depends on the organization's risk tolerance

The correct answer is: True

In the context of privacy risk management and compliance assessments, it is critical to manage all identified risks before giving approval to ensure comprehensive protection of personal data and compliance with relevant regulations. Approving an assessment without addressing flagged risks could leave vulnerabilities unmitigated, potentially leading to non-compliance and privacy breaches. Typically, an organization’s data protection framework emphasizes managing risks proactively to prepare for any legislative scrutiny or data incidents. Ensuring all risks flagged in an assessment are managed upholds the organization’s commitment to privacy principles and reflects a thorough risk governance process. Therefore, it is true that you must manage all risks flagged in an assessment before approving it, aligning with best practices for risk management and regulatory compliance.