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Certificate OCEG GRCP Exam - Exam GRCP Papers
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OCEG GRC Professional Certification Exam Sample Questions (Q101-Q106):
NEW QUESTION # 101
What is the role of an assurance provider in the assurance process?
- A. They conduct activities to evaluate claims and statements about subject matter to enhance confidence.
- B. They develop the organization's risk management strategy and framework.
- C. They oversee the implementation of the organization's compliance program and policies.
- D. They conduct financial audits and issue audit reports.
Answer: A
Explanation:
Anassurance providerplays a key role in evaluating and assessing information or claims related to a subject matter toenhance confidencein its accuracy, reliability, and integrity.
* Primary Role of Assurance Providers:
* Assurance providers assess whether an organization's statements, claims, and activities are valid and align with established criteria.
* Their work helps stakeholders gain confidence in the truth and effectiveness of the information presented.
* Why Other Options Are Incorrect:
* B: Oversight of compliance programs is a different role, typically handled by compliance officers or the compliance department.
* C: Conducting financial audits is one type of assurance activity, but the broader role is more general than just financial audits.
* D: Developing risk management strategies is part of governance, not directly the responsibility of assurance providers.
References:
* COSO ERM Framework: Discusses assurance providers' role in risk management and oversight.
* ISO 19011 (Auditing Management Systems): Highlights the role of assurance in verifying compliance and claims.
NEW QUESTION # 102
What is the purpose of conducting after-action reviews?
- A. To determine if, when, how, and what to disclose regarding unfavorable events
- B. To establish a tiered approach for responding to unfavorable events
- C. To uncover root causes of favorable and unfavorable events and improve proactive, detective, and responsive actions and controls
- D. To provide timely incentives to employees for favorable conduct
Answer: C
NEW QUESTION # 103
Which trait of the Protector Mindset involves bringing stability against volatile, uncertain, complex, and ambiguous realities?
- A. Accountable
- B. Dynamic
- C. Stable
- D. Versatile
Answer: C
NEW QUESTION # 104
What are the three orientations of actions and controls in the PERFORM component?
- A. Financial, operational, and reputational orientations
- B. Management, governance, and assurance orientations
- C. Short-term, medium-term, and long-term orientations
- D. Strategic, operational, and tactical orientations
Answer: D
NEW QUESTION # 105
How does Benchmarking contribute to the improvement of a capability?
- A. By comparing the capability's performance to industry standards or best practices.
- B. By assessing the impact of organizational culture.
- C. By evaluating the effectiveness of risk management campaigns.
- D. By identifying potential legal and regulatory issues.
Answer: A
NEW QUESTION # 106
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