Your glossary for risk and compliance
Helpful definitions of all of the terms you need to know to better manage risk and compliance.
TermsAFSL Authorised Representative AICPA Annex A Controls ASIC Attestation of Compliance (AOC) Business Continuity Management Communication and consultation Compliance Automation Software Compliance Risk Management Consequence Context control Cybersecurity Cybersecurity Maturity Model Certification (CMMC) FedRAMP Governance Risk & Compliance (GRC) GPDR HIPAA HITRUST How many controls are there in ISO 27001? Incident Management Information Security Management System (ISMS) ISMS Governing Body ISO 27001 ISO 27001 certified ISO/IEC 27000 ISO/IEC 27004 ISO/IEC 27005 ISO/IEC 27017 ISO/IEC 27018 Level of risk Likelihood Notifiable Data Breach OAIC Policy Management Risk Risk analysis Risk identification Risk management Risk management framework Risk management plan Risk management policy Risk management process Risk owner Risk profile Risk review Risk source Risk treatment SOC 1 SOC 2 SOC 3 SOC Reports SOC Trust Services Criteria (TSC) SSAE 16 SSAE 18 Stakeholder Third Party Risk Management Vendor Assessment Vendor Management Policy Vendor Review Vulnerability Vulnerability Management What are the ISO 27001 controls? What is an ISO 27001 internal audit? What is an ISO 27001 risk treatment plan? What is an IT security policy? What is Hacking? What is ISO 27002? What is PaaS (Platform-as-a-Service)? What is the ASD Essential 8? What is the ISO 27001 management review? What is the ISO 27001 Stage 1 Audit? What is the ISO 27001 stage 2 audit?
What is the ISO 27001 Stage 1 Audit?
The ISO 27001 Stage 1 Audit is the first part of the two-stage external ISO certification process. The Stage 1 Audit consists of an extensive documentation review in which an external ISO 27001 auditor reviews an organization’s policies and procedures to ensure they meet the requirements of the ISO standard and the organization’s Information Security Management System (ISMS). After completing the Stage 1 audit, the auditor will provide feedback outlining whether the organization is ready to move to the Stage 2 audit.
If the auditor determines the ISMS fails to meet the requirements of the ISO 27001 standard, the auditor will typically outline areas of concern—referred to as nonconformities—and will require corrective action or corrective action plans before proceeding to the Stage 2 audit.
An ISO 27001 certification is valid for three years; however, ISO requires surveillance audits be performed each year to ensure the ISMS and its implemented controls continue to operate effectively. Every 12 months during the three-year cycle, an organization’s ISMS must undergo an external audit, where an auditor will assess portions of the ISMS.
Back to glossary search