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OCEG GRCP Exam Questions
GRC Professional Certification (Page 7 )

Updated On: 20-Mar-2026
Page 7 of 56
PDF with 249 Questions

What are norms?

  1. Norms are customs, rules, or expectations that a group socially reinforces.
  2. Norms are the typical ways that the business operates.
  3. Norms are the regular employees of an organization as opposed to contractors brought in for unusual (not normal) projects.
  4. Norms are the normal or typical financial targets set by the organization.

Answer(s): A

Explanation:

Norms are socially reinforced expectations, customs, or unwritten rules that influence behavior within a group or organization.

Definition:

Norms dictate acceptable behavior and interactions within a group.

Importance in Organizations:

Norms shape the organizational culture and influence decision-making, collaboration, and communication.

Examples of Norms:

Greeting colleagues in the morning.

Responding promptly to emails within a set timeframe.


Reference:

Corporate Culture Studies: Discuss how norms develop and their impact on group behavior.

COSO Framework: Links norms to cultural elements in governance and risk.



What is compliance, and how is it measured in an organization?

  1. 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.
  2. Compliance is the ability to avoid legal disputes, and it is measured by the number of lawsuits and enforcement actions filed against the organization.
  3. Compliance is the financial success of the organization, and it is measured by revenue and profit margins.
  4. Compliance is the level of stakeholder satisfaction measured through stakeholder surveys and feedback.

Answer(s): A

Explanation:

Compliance refers to the organization's adherence to mandatory and voluntary obligations, measured by evaluating its ability to meet these requirements effectively.

Definition:

Compliance involves implementing and monitoring actions and controls to fulfill legal, regulatory, and ethical obligations.

Measurement:

Requirements: Assessing the obligations the organization must meet.

Actions and Controls: Evaluating the mechanisms in place to achieve compliance.

Effectiveness: Verifying outcomes through audits, reviews, and monitoring.

Why Other Options Are Incorrect:

B: Avoiding disputes is a byproduct, not the definition of compliance.

C: Financial success is unrelated to compliance as a specific discipline.

D: Stakeholder satisfaction is broader than compliance metrics.


Reference:

ISO 37301 (Compliance Management Systems): Explains how to implement, measure, and monitor compliance.

COSO ERM Framework: Discusses compliance as part of risk and governance activities.



In the IACM, what is the role of Compound/Accelerate Actions & Controls?

  1. To identify and address any potential conflicts of interest that may compound or accelerate enforcement actions against the company.
  2. To enhance the brand image and reputation of the organization.
  3. To accelerate and compound the impact of favorable events to increase benefits and promote the future occurrence.
  4. To accelerate and compound the benefits of reducing costs.

Answer(s): C

Explanation:

Compound/Accelerate Actions & Controls in the Integrated Actions and Controls Model (IACM) focus on amplifying the positive impact of favorable events and fostering conditions for their recurrence.

Objective:

Enhance the benefits derived from favorable events and outcomes.

Increase the likelihood and magnitude of future occurrences of such events.

Examples:

Leveraging positive market feedback to expand brand loyalty.

Scaling a successful project for broader application.

Why Other Options Are Incorrect:

A: Addresses conflicts, not the role of compound/accelerate controls.

B and D: These are outcomes, not primary roles of this category.


Reference:

OCEG IACM Framework: Discusses compounding benefits and promoting opportunities.



In the IACM, what are the two types of Proactive Actions & Controls?

  1. Reactive Actions & Controls and Passive Actions & Controls
  2. Prevent/Deter Actions & Controls and Promote/Enable Actions & Controls
  3. Centralized Actions & Controls and Decentralized Actions & Controls
  4. Quantitative Actions & Controls and Qualitative Actions & Controls

Answer(s): B

Explanation:

The two types of Proactive Actions & Controls in the IACM are:

Prevent/Deter Actions & Controls:

Focus on avoiding unfavorable events and reducing risks before they occur.

Example: Implementing security protocols to deter cyberattacks.

Promote/Enable Actions & Controls:

Facilitate the realization of opportunities and favorable outcomes.

Example: Employee training programs to improve productivity.

Why Other Options Are Incorrect:

A: Reactive and passive actions are not proactive by definition.

C: Centralization/decentralization pertains to organizational structure.

D: Quantitative and qualitative are methods, not categories of controls.


Reference:

OCEG IACM Framework: Details types of proactive controls for risk and opportunity management.



Which category of actions & controls in the IACM includes formal statements and rules about organizational intentions and expectations?

  1. Information
  2. People
  3. Technology
  4. Policy

Answer(s): D

Explanation:

The Policy category in the IACM encompasses formal statements, rules, and guidelines that articulate the organization's intentions and expectations.

Role of Policies:

Set boundaries and guidelines for behavior and decision-making.

Ensure consistency in actions and alignment with organizational goals.

Examples:

Code of conduct.

Data privacy and security policies.

Why Other Options Are Incorrect:

A: Information deals with data and communication, not formal statements.

B: People refer to human elements like roles and responsibilities.

C: Technology focuses on tools and systems.


Reference:

OCEG IACM Framework: Highlights the role of policies in formalizing organizational expectations.



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