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OCEG GRCA Exam Questions
- Topic 1: General Knowledge: This section of the exam measures the skills of GRC professionals and covers key terms and definitions related to Governance, Risk, and Compliance (GRC). It emphasizes understanding the principles and business drivers that underpin GRC, as well as the benefits of integrating GRC into organizational practices. A vital skill assessed is recognizing how GRC relates to other disciplines and professions.
- Topic 2: Assurance and Assessment: This section of the exam measures the skills of GRC auditors and covers assurance and assessment models relevant to GRC practices. It includes understanding the key steps involved in planning and performing assessments, as well as designing reports and follow-up actions. A critical skill evaluated is the ability to create valid and reliable reports based on assessment findings.
- Topic 3: GRC Assessment Framework: This section of the exam measures the skills of GRC professionals and covers the content of the GRC Assessment Framework. It emphasizes applying this framework based on the scope of specific assessments. A key skill assessed is understanding how to utilize the framework effectively to guide assessment processes.
Free OCEG GRCA Exam Actual Questions
Note: Premium Questions for GRCA were last updated On Jan. 25, 2025 (see below)
All Review Procedures in the GRC Assessment Tools must be followed to assess a particular element
It is important to use professional judgment when conducting a GRC assessment, rather than rigidly following all review procedures in the GRC Assessment Tools. While these tools provide valuable guidelines and frameworks, each organization and situation is unique. Professional judgment allows for flexibility and adaptation of the procedures to fit the specific context and nuances of the assessment, ensuring more relevant and effective outcomes. Reference:
ISO 19011:2018 - Guidelines for auditing management systems
IIA Standards for the Professional Practice of Internal Auditing
Which of these is defined as "externally directing, controlling and evaluating an entity, process or resource"
Governance is defined as 'externally directing, controlling and evaluating an entity, process, or resource'. It involves establishing policies, and continuous monitoring of their proper implementation, by the members of the governing body of an organization. It ensures that the entity is operating effectively and in alignment with its objectives and regulatory requirements. Governance encompasses a wide range of activities, including strategic planning, decision-making, and oversight, all aimed at achieving the entity's goals while managing risk and ensuring compliance. Reference:
ISO 38500:2015 - Information technology - Governance of IT for the organization
OECD Principles of Corporate Governance
When inspecting information, the Content Criteria provides a guide to evaluating which of these
When inspecting information, the Content Criteria provides a guide to evaluating the design of the control. Content Criteria help ensure that the controls are appropriately designed to achieve their intended purpose. Evaluating the design involves assessing whether the control's structure, procedures, and policies are adequate to mitigate identified risks and meet regulatory and organizational requirements. Reference:
ISO 19011:2018 - Guidelines for auditing management systems
COSO Internal Control -- Integrated Framework
Being "effective" is best defined as
Being 'effective' is best defined as a combination of design effectiveness and operating effectiveness. Design effectiveness refers to how well a control or process is structured to achieve its intended outcomes, while operating effectiveness assesses how well the control or process is functioning in practice. Together, these dimensions ensure that controls are not only well-designed but also effectively implemented and operational. Reference:
COSO Internal Control -- Integrated Framework
ISO 31000:2018 - Risk management -- Guidelines
You must use GRC Assessment Tools to do a GRC Assessment
While GRC Assessment Tools can greatly aid in conducting a GRC assessment by providing structured methodologies and frameworks, it is not mandatory to use them. Assessments can be conducted using other methods and tools as long as they are systematic and thorough. The key is to apply professional judgment and ensure the assessment is comprehensive and aligned with the organization's needs. Reference:
ISO 31000:2018 - Risk management -- Guidelines
COSO Internal Control -- Integrated Framework
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