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OCEG GRCP Exam Syllabus Topics:

Topic	Details
Topic 1	GRC Capability Model Details: This section of the exam measures the skills of GRC Strategy Makers and covers detailed components of the GRC Capability Model. It includes understanding various elements and practices, key actions, and controls necessary for effective governance, risk management, and compliance.
Topic 2	Review Component: This subsection focuses on reviewing and evaluating GRC practices to ensure continuous improvement. A critical skill evaluated is conducting audits and assessments to identify areas for enhancement in governance practices.
Topic 3	Perform Component: This subsection emphasizes executing GRC activities and implementing controls to manage risks effectively. A key skill assessed is the ability to perform risk assessments and implement necessary actions.
Topic 4	GRC Key Concepts: This section of the exam measures the skills of GRC Governance Professionals and covers essential concepts related to reliably achieving objectives, addressing uncertainty, and acting with integrity. It also includes an understanding of the Lines of Accountability™ and the Integrated Action & Control Model™, which provide frameworks for governance and risk management. A key skill assessed is the ability to apply these concepts to enhance organizational performance.

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OCEG GRC Professional Certification Exam Sample Questions (Q175-Q180):

NEW QUESTION # 175
What is the role of an assurance provider in the assurance process?

A. They develop the organization's risk management strategy and framework.
B. They conduct activities to evaluate claims and statements about subject matter to enhance confidence.
C. They conduct financial audits and issue audit reports.
D. They oversee the implementation of the organization's compliance program and policies.

Answer: B

Explanation:
An assurance provider plays a key role in evaluating and assessing information or claims related to a subject matter to enhance confidence in 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.
Reference:
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 # 176
The Critical Discipline skills of Compliance & Ethics help organizations through which of the following?

A. Setting direction, setting objectives and indicators, identifying opportunities, aligning strategies, and managing systems
B. Fostering creativity, encouraging innovation, facilitating brainstorming, supporting idea generation, and promoting design thinking
C. Planning for risks, identifying risks, assessing risks, addressing risks, measuring and monitoring risks, and using decision science
D. Identifying mandatory and voluntary obligations, assessing risk, setting policy, educating the workforce, and shaping ethical culture

Answer: D

Explanation:
Compliance & Ethics are foundational to upholding an organization's legal, regulatory, and ethical obligations. These critical discipline skills ensure organizations operate within the boundaries of laws and foster an ethical corporate culture.
* Identifying Mandatory and Voluntary Obligations:
* Compliance involves adhering to regulatory requirements (mandatory) and best practices (voluntary) that govern operations. Examples include GDPR, SOX, and industry-specific standards like HIPAA.
* Assessing Risk:
* Compliance risks, such as regulatory penalties or reputational damage, must be identified and managed effectively. The NIST Cybersecurity Framework includes risk assessment as part of its core functions.
* Setting Policy:
* Organizations establish policies to define expectations for compliance and ethical behavior. This includes codes of conduct, anti-corruption policies, and more.
* Educating the Workforce:
* Training employees about compliance and ethics is critical for building awareness and accountability. Frameworks like ISO 37001 (Anti-Bribery) recommend robusttraining programs.
* Shaping Ethical Culture:
* Promoting ethical behavior within an organization helps prevent misconduct and aligns employee actions with organizational values.
Incorrect Options:
* A: Setting direction and aligning strategies are governance-related activities, not specific to compliance and ethics.
* B: Risk management is a separate discipline that complements but does not define compliance and ethics skills.
* D: Creativity and innovation relate to strategy and design thinking, which are unrelated to compliance and ethics.
References and Resources:
* ISO 37001:2016- Anti-Bribery Management Systems
* GDPR- General Data Protection Regulation
* NIST Cybersecurity Framework (CSF)
* COSO Internal Control - Integrated Framework

NEW QUESTION # 177
What is the significance of "assurance objectivity" in providing a higher level of assurance?

A. It is determined by the governing authority and enhances the level of assurance
B. It contributes to a higher level of assurance by enhancing impartiality and credibility
C. It is only important for high levels of assurance in financial audits
D. It is not relevant to the level of assurance and does not affect the assurance process

Answer: B

NEW QUESTION # 178
In the context of GRC, what is the significance of setting objectives that are specific, measurable, achievable, relevant, and timebound (SMART)?

A. SMART objectives can be more easily communicated to stakeholders to gain their confidence
B. SMART objectives allow the organization to avoid accountability and responsibility for failing to achieve objectives
C. SMART objectives are only relevant for financial objectives and have no impact on non-financial objectives
D. SMART objectives provide clarity, focus, and direction and help ensure that objectives are effectively aligned with the organization's goals and priorities

Answer: D

Explanation:
The SMART criteria for setting objectives provide a structured and effective approach to goal-setting within GRC practices. These criteria ensure that objectives are actionable and aligned with organizational priorities.
Key Benefits of SMART Objectives:
Clarity: Objectives are well-defined and unambiguous, reducing confusion and misalignment.
Focus: SMART objectives help prioritize activities and allocate resources efficiently.
Direction: They provide a clear path for teams and individuals, ensuring alignment with strategic goals.
Alignment: Ensures that objectives reflect the organization's values, regulatory requirements, and operational needs.
Why Option C is Correct:
SMART objectives provide clarity, focus, and direction, enabling the organization to meet its goals effectively.
They enhance accountability and responsibility rather than avoiding it (Option B).
SMART objectives apply to both financial and non-financial objectives (Option D), such as compliance, risk management, and ethical initiatives.
While communication (Option A) is a secondary benefit, the primary focus of SMART objectives is alignment and clarity.
Relevant Frameworks and Guidelines:
COSO ERM Framework: Recommends setting SMART objectives to ensure risks are managed effectively in alignment with organizational strategy.
ISO 31000 (Risk Management): Advocates for clear, measurable objectives to guide risk management efforts.
In conclusion, setting SMART objectives ensures that organizational efforts are focused, measurable, and aligned with strategic priorities, driving effective GRC practices.

NEW QUESTION # 179
Which category of actions and controls in the IACM includes human factors such as structure, accountability, education, and enablement?

A. Technology
B. People
C. Policy
D. Information

Answer: B

Explanation:
The People category in the IACM addresses human factors critical for implementing and sustaining effective actions and controls.
Human Factors:
Structure: Organizational design and role assignments.
Accountability: Ensuring individuals are responsible for actions.
Education: Providing training and awareness.
Enablement: Empowering individuals with tools and resources.
Examples:
Leadership development programs.
Defining accountability matrices.
Why Other Options Are Incorrect:
A: Technology refers to tools and systems, not human elements.
B: Policies are formal guidelines, not human-centric controls.
C: Information involves data, not human behaviors.
Reference:
OCEG IACM Framework: Explains the critical role of the people category in organizational controls.

NEW QUESTION # 180
......

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GET ACTUAL AND AUTHENTIC OCEG GRCP EXAM QUESTIONS

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