Latest OCEG GRCA Exam Registration | Latest GRCA Dumps Ebook
Latest OCEG GRCA Exam Registration | Latest GRCA Dumps Ebook
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OCEG GRCA Exam Syllabus Topics:
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OCEG Latest GRCA Exam Registration: GRC Auditor Certification Exam - TrainingQuiz Accurate Latest Dumps Ebook for your Studying
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OCEG GRC Auditor Certification Exam Sample Questions (Q36-Q41):
NEW QUESTION # 36
Being "effective" is best defined as
- A. High performance
- B. Design Effectiveness and Operating Effectiveness
- C. Getting the job done right
Answer: B
Explanation:
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.
References:
* COSO Internal Control - Integrated Framework
* ISO 31000:2018 - Risk management - Guidelines
NEW QUESTION # 37
Follow-up on the implementation status of the recommendation from within the area being assessed is known as:
- A. Follow-Up by Process Owner
- B. Follow-Up by Independent Assurance
- C. Follow-Up by Targeted Review
Answer: A
Explanation:
Follow-up on the implementation status of the recommendation from within the area being assessed is known as Follow-Up by Process Owner. This approach involves the individuals responsible for the area under assessment reviewing the progress of implementing recommendations and controls. It ensures that those directly involved in the process take ownership and accountability for addressing the identified issues.
References:
* ISO 19011:2018 - Guidelines for auditing management systems
* COSO Internal Control - Integrated Framework
NEW QUESTION # 38
Which one of these is most associated with a "measure of how well we are addressing opportunities"
- A. Risk
- B. Performance
- C. Compliance
Answer: B
Explanation:
Performance is most associated with a "measure of how well we are addressing opportunities." Performance management focuses on setting goals, monitoring progress, and evaluating outcomes to ensure that an organization is effectively taking advantage of opportunities to achieve its objectives. It involves measuring and managing activities that lead to improved efficiency, effectiveness, and innovation. By addressing opportunities, organizations can enhance their performance and create value.References:
* ISO 9001:2015 - Quality management systems - Requirements
* Balanced Scorecard Institute - Performance Management Framework
NEW QUESTION # 39
When performing an Assessment, it is important to NEVER change the execution plan
- A. False. As information is uncovered, adjust procedures as appropriate.
- B. True. Never, ever change the plan.
Answer: A
Explanation:
When performing an assessment, it is important to remain flexible and adjust the execution plan as new information is uncovered. This adaptive approach ensures that the assessment remains relevant and effective in identifying issues and areas for improvement. Rigidly adhering to theoriginal plan, regardless of new findings, can result in missed opportunities to address critical risks and controls. Adjusting procedures as appropriate based on new information enhances the overall quality and effectiveness of the assessment.References:
* ISO 19011:2018 - Guidelines for auditing management systems
* COSO Internal Control - Integrated Framework
NEW QUESTION # 40
What are the common attributes of an assurance professional?
- A. Independence, objectivity and diligence
- B. Objectivity, independence and freedom
- C. Objectivity, competence and fallibilism
Answer: A
Explanation:
The common attributes of an assurance professional are independence, objectivity, and diligence.
Independence ensures that the assurance professional is free from any influence or conflict of interest that could affect their judgment. Objectivity refers to the ability to provide an unbiased and impartial assessment.
Diligence involves a thorough and careful approach to the assurance process, ensuring that all relevant aspects are evaluated and reported accurately. These attributes are essential for maintaining the credibility and reliability of assurance activities.References:
* IIA Standards for the Professional Practice of Internal Auditing
* ISO 19011:2018 - Guidelines for auditing management systems
NEW QUESTION # 41
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