OCEG GRCA - GRC Auditor Exam
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Total 100 questions
Question #1 (Topic: Topic 1, Using the GRC Assessment Framework
)
How does the GRC Assessment Framework™ (“OCEG Burgundy Book”) align with the GRC Capability Model™ (“OCEG Red Book”)?
A. It does not consider the GRC Capability Model™ in its assessment approach.
B. It focuses solely on financial audits rather than comprehensive GRC assessments.
C. It provides assessment procedures that are aligned with the core elements of the GRC Capability Model™.
D. It replaces the GRC Capability Model™ by offering new risk management techniques.
Answer: C
Question #2 (Topic: Topic 1, Using the GRC Assessment Framework
)
An organization is conducting a self-assessment of its GRC framework to ensure alignment with its governance, risk management, and compliance goals. The assessment team is looking for a document that offers a structured approach to reviewing GRC capabilities and outlines what to expect during the assessment.
What is the most appropriate resource for the team to use?
What is the most appropriate resource for the team to use?
A. The financial compliance checklist
B. The company’s enterprise risk management (ERM) report
C. The GRC Assessment Framework™ (“OCEG Burgundy Book”)
D. The CEO’s annual report to stakeholders
Answer: C
Question #3 (Topic: Topic 2, Goals for the GRC Assessment Framework
)
Why is external judgment and recognition important when using the GRC Assessment Framework™?
A. It ensures compliance with local tax regulations.
B. It focuses only on reducing operational costs.
C. It replaces the need for any internal assessments.
D. It provides credibility and objective valuation of sound GRC practices.
Answer: D
Question #4 (Topic: Topic 2, Goals for the GRC Assessment Framework
)
Which of the following is a key goal of the GRC Assessment Framework™?
A. To reduce the time and cost of assessments while maintaining consistent quality
B. To focus primarily on governance
C. To eliminate the need for external reviews entirely, as they can be conducted internally with the GRC Assessment Framework™
D. To prioritize financial performance over risk management
Answer: A
Question #5 (Topic: Topic 3, Users of the GRC Assessment Framework
)
During a board meeting, the governing authority is discussing red flags raised by the audit department regarding non-compliance in the company’s financial reporting processes. The board is ultimately accountable for ensuring these issues are addressed.
Which line of accountability does the board represent?
Which line of accountability does the board represent?
A. Third Line
B. First Line
C. Fourth Line
D. Fifth Line
Answer: C
