Free GRCP Practice Test (Page 3 ) & Exam Questions

QUESTION: 6

Which Critical Discipline of the Protector Skillset includes skills to enhance stakeholder confidence and perform assessments?

Audit & Assurance
Security & Continuity
Governance & Oversight
Strategy & Performance

Answer(s): A

Explanation:

The Audit & Assurance discipline in the Protector Skillset focuses on assessing organizational activities, processes, and systems to enhance stakeholder confidence by ensuring transparency, reliability, and compliance.

Enhancing Stakeholder Confidence:

By performing audits and assurance activities, organizations validate that processes are functioning as intended and aligned with objectives and regulations.

This builds trust among stakeholders, including investors, customers, and regulators.

Performing Assessments:

Auditors evaluate internal controls, risk management processes, and compliance mechanisms to ensure effectiveness.

Examples include financial audits, operational audits, and compliance audits.

Reference:

IIA Standards: Focuses on internal auditing and assurance practices.

COSO Framework: Provides guidance for assessing internal control systems.

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QUESTION: 7

Which Critical Discipline of the Protector Skillset includes skills to constrain activities and set direction?

Audit & Assurance
Governance & Oversight
Risk & Decisions
Compliance & Ethics

Answer(s): B

Explanation:

The Governance & Oversight discipline focuses on constraining activities through policies, controls, and decision frameworks while setting direction to align with organizational objectives.

Constraining Activities:

Governance ensures that activities are within legal, ethical, and operational limits through policies, procedures, and oversight mechanisms.

Setting Direction:

Leadership establishes the strategic vision and guides the organization toward achieving long-term goals while adhering to its core values.

Oversight Role:

Oversight bodies like boards of directors and compliance committees monitor organizational performance and enforce accountability.

Reference:

COSO ERM Framework: Emphasizes governance's role in directing and constraining activities.

NIST RMF: Highlights governance as a critical factor in risk and compliance management.

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QUESTION: 8

Which Critical Discipline of the Protector Skillset includes skills to address obligations and shape an ethical culture?

Compliance & Ethics
Security & Continuity
Governance & Oversight
Audit & Assurance

Answer(s): A

Explanation:

The Compliance & Ethics discipline is centered on ensuring that the organization meets its legal, regulatory, and ethical obligations while fostering a culture of integrity.

Addressing Obligations:

Compliance activities focus on meeting regulatory requirements such as GDPR, SOX, or HIPAA.

Ethics programs help organizations adhere to internal codes of conduct and broader societal expectations.

Shaping an Ethical Culture:

Training programs, ethical leadership, and clear reporting channels encourage ethical decision- making and accountability.

Organizational Impact:

A strong compliance and ethics framework prevents misconduct, reduces risks, and builds trust among stakeholders.

Reference:

ISO 37301: Standards for compliance management systems.

COSO Framework: Discusses ethical culture as part of governance and risk practices.

OCEG GRC Capability Model: Provides a structured approach for integrating compliance and ethics into GRC.

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QUESTION: 9

In the context of the Maturity Model, what characterizes practices at Level I?

Practices are improvised, ad hoc, and often chaotic.
Practices are formally documented and consistently managed.
Practices are measured and managed with data-driven evidence.
Practices are consistently improved over time.

Answer(s): A

Explanation:

Level I in the Maturity Model represents the lowest level of process maturity, characterized by:

Improvised, Ad Hoc Practices:

Processes are informal, reactive, and lack standardization.

Activities are driven by immediate needs rather than planned procedures.

Chaotic Nature:

Organizations at this level face high variability and inefficiency in their operations.

There is minimal alignment with organizational goals or strategic objectives.

Indicators of Low Maturity:

Poor documentation and lack of repeatability in processes.

High dependency on individual effort rather than institutionalized practices.

Reference:

CMMI (Capability Maturity Model Integration): Defines Level I as "Initial" with disorganized processes.

OCEG GRC Capability Model: Highlights maturity stages for improving GRC practices.

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QUESTION: 10

What are the four dimensions used to assess Total Performance in the GRC Capability Model?

Quality, Productivity, Flexibility, and Durability
Accuracy, Precision, Speed, and Stability
Effectiveness, Efficiency, Responsiveness, and Resilience
Compliance, Consistency, Adaptability, and Robustness

Answer(s): C

Explanation:

The four dimensions used to assess Total Performance in the GRC Capability Model are:

Effectiveness:

Measures the extent to which objectives are achieved.

Assesses whether the right goals are pursued with the desired outcomes.

Efficiency:

Focuses on minimizing resource consumption while maximizing results.

Ensures processes are streamlined and cost-effective.

Responsiveness:

Evaluates the organization's ability to adapt quickly to changes in the internal and external environment.

Reflects agility in addressing risks, opportunities, or stakeholder demands.

Resilience:

Assesses the capability to recover from disruptions or challenges.

Ensures long-term sustainability and operational continuity.

Reference:

OCEG GRC Capability Model: Defines performance dimensions critical to GRC implementation.

ISO 31000: Aligns with these dimensions for risk management effectiveness and resilience.

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OCEG GRCP Exam
GRC Professional Certification (Page 3 )

QUESTION: 6

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QUESTION: 7

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QUESTION: 8

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QUESTION: 9

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QUESTION: 10

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OCEG GRCP Exam GRC Professional Certification (Page 3 )

QUESTION: 6

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QUESTION: 7

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QUESTION: 8

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QUESTION: 9

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QUESTION: 10

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OCEG GRCP Exam
GRC Professional Certification (Page 3 )