Question 1 of 30
PrecisionTech Solutions, a manufacturing firm specializing in high-precision components for the aerospace industry, is undergoing a transition to ISO 9001:2015. Simultaneously, the company faces heightened regulatory oversight from the FAA due to recent incidents involving component failures in similar products from competitors. The internal audit team, led by Aaliyah, needs to ensure the company\'s Quality Management System (QMS) effectively integrates the risk-based thinking principles of ISO 9001:2015 with the stringent compliance requirements mandated by the FAA. The current QMS primarily focuses on process control and documentation but lacks a robust mechanism for proactively identifying and mitigating risks related to regulatory non-compliance. Aaliyah is tasked with recommending an approach that will strengthen the QMS to address both ISO 9001:2015 requirements and FAA regulations. Considering the context of increased regulatory scrutiny and the need for a proactive risk management approach, which of the following strategies should Aaliyah recommend to ensure the internal audit effectively addresses the integration of risk-based thinking with compliance procedures?
Implement integrated risk assessment methodologies aligned with both ISO 9001:2015 and FAA regulations, ensuring risk identification and analysis consider both internal and external factors, including legal and regulatory requirements, with controls and mitigation strategies specific to identified risks.
Focus primarily on enhancing process control and documentation within the QMS, assuming that adherence to ISO 9001:2015 standards will automatically ensure compliance with FAA regulations.
Conduct separate risk assessments for ISO 9001:2015 and FAA compliance, maintaining distinct risk registers and mitigation plans to avoid confusion and overlap.
Rely on historical data and past audit findings to identify potential risks, without incorporating forward-looking risk assessment methodologies that consider emerging regulatory changes or potential component failure scenarios.

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