QUESTION: 5

GRC Professionals, known as "Protectors," work to achieve a specific goal referred to as Principled Performance.
Which of the following best describes Principled Performance®?

To reliably achieve objectives, address uncertainty, and act with integrity to produce and preserve value simultaneously.
To maximize profits and minimize losses.
To ensure compliance with all legal requirements.
To eliminate all risks and uncertainties.

Answer(s): A

Explanation:

Principled Performance® is the goal of GRC professionals and is best described as the ability to:

Reliably Achieve Objectives:

Organizations must set clear, measurable objectives and work towards them consistently, using governance and risk frameworks to guide decision-making.

Address Uncertainty:

Risk and uncertainty are inherent in every organization. GRC frameworks like ISO 31000 and COSO ERM help identify, evaluate, and manage uncertainties effectively.

Act with Integrity:

Ethical decision-making and compliance with laws and regulations ensure the organization operates responsibly and builds trust with stakeholders.

Produce and Preserve Value:

Through integrated GRC practices, organizations create value by achieving their goals while mitigating risks and maintaining ethical standards.

Why Other Options are Incorrect:

B: Maximizing profits is a financial objective, but Principled Performance encompasses broader strategic, ethical, and risk-related goals.

C: Legal compliance is a part of GRC, but Principled Performance goes beyond mere compliance to ensure ethical integrity and strategic alignment.

D: Eliminating risks entirely is unrealistic. The goal is to manage risks effectively, not eliminate them altogether.

Reference:

OCEG Capability Model: Principles of achieving objectives with integrity and reliability.

COSO ERM Framework: Guidance on managing risk in support of value creation.

ISO 31000: Principles and guidelines for addressing uncertainty in decision-making.

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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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Free OCEG GRCP Exam Questions (page: 3)

QUESTION: 5

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QUESTION: 6

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QUESTION: 7

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QUESTION: 8

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