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GRCP Authentic Exam Questions & Latest GRCP Exam Topics

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OCEG GRCP Exam Syllabus Topics:

Topic
Details

Topic 1

Learn Component: This subsection focuses on the learning aspect of the GRC Capability Model, emphasizing foundational knowledge necessary for effective governance practices. A key skill assessed is understanding basic GRC principles to support strategic initiatives.

Topic 2

Align Component: This subsection covers aligning GRC practices with organizational objectives and regulatory requirements. A vital skill evaluated is the ability to integrate GRC processes into business operations effectively.

Topic 3

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 4

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.

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Fantastic GRCP Authentic Exam Questions & Leader in Qualification Exams & Pass-Sure GRCP: GRC Professional Certification Exam

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OCEG GRC Professional Certification Exam Sample Questions (Q133-Q138):

NEW QUESTION # 133
What does it mean for an organization to "reliably achieve objectives" as part of Principled Performance?

A. It means always achieving profitability targets and maximizing shareholder value.
B. It means achieving mission, vision, and balanced objectives thoughtfully, consistently, dependably, and transparently.
C. It means having measurable outcomes.
D. It means achieving short-term goals regardless of the impact on long-term success.

Answer: B

NEW QUESTION # 134
In the context of uncertainty, what is the difference between likelihood and impact?

A. Likelihood is a measure of the chance of an event occurring, while impact is the category or type of risk or reward from the event.
B. Likelihood is a measure of the chance of an event occurring, while impact measures the economic and non-economic consequences of the event.
C. Likelihood is the chance of an event occurring after controls are put in place, while impact measures the economic and non-economic consequences of the event.
D. Likelihood is a measure of the chance of an event occurring, while impact is the location of the event within the organization.

Answer: B

Explanation:
Likelihood and impact are key factors in evaluating uncertainty, especially in the context of risk and reward.
Likelihood:
Measures the probability or chance of an event occurring.
Example: The likelihood of a data breach based on historical trends.
Impact:
Measures the economic and non-economic consequences of the event.
Examples: Financial losses, reputational damage, or operational disruptions.
Why Other Options Are Incorrect:
A: Impact refers to consequences, not the location of the event.
B: Impact is not limited to categories; it involves actual consequences.
D: Likelihood considers controls but is not exclusively post-control.
Reference:
ISO 31000 (Risk Management): Defines likelihood and impact as fundamental components of risk assessment.
COSO ERM Framework: Emphasizes assessing both likelihood and impact in risk evaluation.

NEW QUESTION # 135
What is the role of continuous control monitoring in the context of notifications within an organization?

A. It is a tool that provides automated alerts for notifications within an organization.
B. It is used to monitor employees' personal communications.
C. It is a technique for listening to hotline employees to ensure they are providing the right information.
D. It is a method primarily for tracking the organization's speed of response to notifications.

Answer: A

Explanation:
Continuous control monitoring involves automated systems that track organizational activities and generate alerts for specific notifications or anomalies that may require attention.
Role of Continuous Control Monitoring:
Provides real-time detection of risks, compliance issues, or performance deviations.
Enhances the organization's ability to respond quickly to potential problems.
Benefits:
Improves the effectiveness of risk and compliance management by flagging issues promptly.
Reduces manual effort and reliance on periodic reviews.
Why Other Options Are Incorrect:
A: Monitoring personal communications violates privacy and is not the intended purpose.
C: While response tracking is important, it is not the primary focus of continuous control monitoring.
D: Monitoring hotline performance is unrelated to control monitoring systems.
Reference:
COSO ERM Framework: Highlights the role of automated tools in risk and compliance management.
OCEG GRC Capability Model: Discusses continuous control monitoring as part of a robust notification system.

NEW QUESTION # 136
What is the primary responsibility of the Fourth Line in the Lines of Accountability Model?

A. The Fourth Line, which is the HR department, is responsible for providing training and development opportunities to employees.
B. The Fourth Line, which is the Executive Team, is accountable and responsible for organization-wide performance, risk, and compliance.
C. The Fourth Line, which is the Compliance Department, is responsible for establishing actions and controls to address regulatory and policy requirements.
D. The Fourth Line, which is the Procurement Department, is responsible for managing vendor relationships and procurement processes.

Answer: B

Explanation:
TheFourth Linein theLines of Accountability Modelrefers to theExecutive Team, which holds responsibility fororganization-wide performance, risk, and compliance.
* Primary Responsibility:
* The Executive Team sets the strategic direction and ensures that governance, risk, and compliance efforts are aligned with organizational objectives.
* Key Activities:
* Overseeing implementation of enterprise-wide policies and controls.
* Ensuring accountability at all levels for performance, risk management, and compliance.
* Why Other Options Are Incorrect:
* A: Procurement is an operational function under the First Line.
* B: HR falls under specific functions, not organization-wide governance.
* C: Compliance is a Second Line responsibility, not the Fourth Line.
References:
* OCEG GRC Capability Model: Discusses roles of the Fourth Line in overall accountability.
* COSO ERM Framework: Highlights the role of executives in enterprise-wide governance.

NEW QUESTION # 137
In the context of event notifications, how can technology-based notifications benefit an organization?

A. Use of this type of notification is only beneficial for large organizations with complex structures
B. These notifications often (though not always) alert the organization sooner than other methods, especially when human methods fail or are delayed
C. These notifications eliminate the need for any human involvement in the assignment of follow-up tasks
D. These notifications are always more reliable than traditional paper-based methods

Answer: B

Explanation:
Technology-based notifications, such as automated alerts, emails, or text messages, are widely used in organizations to ensure timely communication about events or incidents. These notifications are particularly beneficial forspeed, accuracy, and consistency, especially in situations where rapid action is needed.
Key Benefits of Technology-Based Notifications:
* Faster Alerts:
* Automated notifications can alert stakeholders to issuessooner than human-initiated methods, reducing delays caused by manual processes.
* Example: A system monitoring tool detects an unauthorized login attempt and immediately alerts the cybersecurity team.
* Reliability in Case of Human Error or Delays:
* Technology-based notifications reduce reliance on manual communication, which may be delayed due to workload, oversight, or miscommunication.
* Scalability:
* Automated systems can handle a large volume of notifications efficiently, making them valuable for organizations of all sizes.
* Integration with Systems:
* These notifications can integrate with monitoring tools (e.g., security information and event management [SIEM] systems) to provide real-time alerts and logs.
Why Option B is Correct:
Technology-based notificationsoften alert the organization sooner, especially when human methods fail or are delayed, making them an essential tool for event management.
Why the Other Options Are Incorrect:
* A: Technology-based notifications are notalwaysmore reliable; they depend on system accuracy and proper configuration.
* C: Technology-based notifications are beneficial for organizations of all sizes, not just large ones.
* D: While these notifications reduce human involvement, they do not eliminate the need for human oversight or task assignments in many cases.
References and Resources:
* NIST Incident Response Framework- Highlights the use of automated notifications for rapid response.
* ISO 22301:2019- Business Continuity Management: Discusses the role of technology in effective communication during incidents.
* COSO ERM Framework- Explains the benefits of leveraging technology for timely event management.

NEW QUESTION # 138
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