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| Section | Weight | Objectives |
|---|
| GRC Capability Model - Learn Component | 15% | - Foundational knowledge and principles - Identifying stakeholder requirements - Understanding regulatory and operational context
|
| GRC Key Concepts | 30% | - Lines of Accountability™ Model - Reliably Addressing Uncertainty - Integrated Action & Control Model™ - Reliably Acting with Integrity - Measuring GRC Capability - Reliably Achieving Objectives
|
| GRC Capability Model - Review Component | 10% | - Evaluating effectiveness and maturity - Driving improvement and adaptation - Assuring performance and compliance
|
| GRC Capability Model - Perform Component | 25% | - Designing and implementing controls - Monitoring and responding to issues - Executing risk and compliance activities
|
| GRC Capability Model - Align Component | 20% | - Defining governance structure and roles - Integrating GRC across functions - Aligning GRC with strategy and objectives
|
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OCEG GRC Professional Certification Exam Sample Questions (Q252-Q257):
NEW QUESTION # 252
Why is it important to design specific inquiry routines to detect unfavorable events?
- A. To detect them as soon as possible.
- B. To avoid the need for technology-based inquiry methods.
- C. To prevent the need for observations and conversations.
- D. To prioritize the discovery of favorable events.
Answer: A
NEW QUESTION # 253
What is compliance, and how is it measured in an organization?
- A. Compliance is the ability to avoid legal disputes, and it is measured by the number of lawsuits and enforcement actions filed against the organization.
- B. Compliance is the level of stakeholder satisfaction measured through stakeholder surveys and feedback.
- C. Compliance is a measure of the degree to which obligations are proven to be addressed, and it is measured by assessing requirements, actions & controls to address requirements, and evidence of effectiveness.
- D. Compliance is the financial success of the organization, and it is measured by revenue and profit margins.
Answer: C
NEW QUESTION # 254
Which of the following best describes the overall process of analyzing risk culture in an organization?
- A. Evaluating the organization's risk appetite and tolerance levels for each type of risk.
- B. Analyzing the climate and mindsets about how the workforce perceives risk, its impact on work, and its integration with decision-making.
- C. Determining the level of risk-taking that each employee is comfortable with.
- D. Assessing the organization's ability to attract and retain top talent that is willing to take risks to achieve objectives.
Answer: B
Explanation:
Risk culturerefers to the attitudes, behaviors, and mindsets that influence how risk is perceived, managed, and integrated into decision-making.
* Analyzing Risk Culture:
* Involves assessing theworkforce's perceptionsof risk and its role in daily operations.
* Focuses on how risk-related decisions are made and how the workforce understands and mitigates risk impact.
* Integration with Decision-Making:
* A strong risk culture ensures that risk considerations are embedded in strategic and operational decisions.
* Why Other Options Are Incorrect:
* A: Individual comfort levels are only a small aspect of risk culture.
* B: Talent attraction and retention are related to workforce culture, not risk culture.
* C: Risk appetite and tolerance are strategic metrics, not part of the cultural assessment process.
References:
* ISO 31000 (Risk Management): Discusses the role of organizational culture in risk perception and management.
* COSO ERM Framework: Connects risk culture to decision-making and strategy.
NEW QUESTION # 255
How is the efficiency of the LEARN component measured in terms of the use of capital?
- A. By assessing the efficiency of using financial, physical, human, and information capital to learn.
- B. By measuring changes in the organization's market share and competitive position.
- C. By evaluating the return on investment from undertaking LEARN activities.
- D. By analyzing the organization's budget allocation and resource utilization.
Answer: A
NEW QUESTION # 256
Why is independence considered important in the context of assurance activities?
- A. It is a tool to achieve objectivity, enhancing the impartiality and credibility of assurance activities
- B. It enables assurance providers to access confidential information and proprietary data
- C. It allows assurance providers to avoid legal liability and regulatory penalties
- D. It allows assurance providers to negotiate better contracts and agreements with stakeholders
Answer: A
NEW QUESTION # 257
......
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