What are the questions asked as part of step 5 of the RM process to ensure compliance with the guiding principles?

Step 5 of the Risk Management (RM) process typically involves evaluating the effectiveness of controls and ensuring compliance with guiding principles. The questions asked in this step often include: Are the established controls adequate to mitigate identified risks? Are the controls being implemented effectively and consistently? How do we measure compliance with the guiding principles? Additionally, what evidence is available to demonstrate compliance, and how frequently is compliance reviewed and updated?