OCEG GRCA - GRC Auditor Exam
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Total 100 questions
Question #6 (Topic: Topic 3, Users of the GRC Assessment Framework
)
What is the role of the First Line in participating in assurance activities?
A. It participates by providing assurance information about its own activities to higher-level assurance programs.
B. It uses assurance information only for financial reporting.
C. It conducts independent audits of the Second Line’s activities.
D. It provides external assurance over the Governing Authority’s decisions.
Answer: A
Question #7 (Topic: Topic 3, Users of the GRC Assessment Framework
)
An organization has implemented a new performance and risk management framework. A team from the compliance department is tasked with overseeing how well the operational teams are following this framework. The compliance department also manages its own compliance portfolio.
Which line of accountability does this team belong to?
Which line of accountability does this team belong to?
A. First Line
B. Second Line
C. Third Line
D. Fourth Line
Answer: B
Question #8 (Topic: Topic 3, Users of the GRC Assessment Framework
)
In a multinational organization, a team responsible for managing day-to-day operational activities is also in charge of identifying and managing risks directly associated with those operations.
Which line of accountability does this team most likely belong to?
Which line of accountability does this team most likely belong to?
A. Fifth Line
B. Second Line
C. First Line
D. Third Line
Answer: C
Question #9 (Topic: Topic 3, Users of the GRC Assessment Framework
)
Which of the following is a key responsibility of the Fifth Line (Governing Authority) in assurance activities?
A. It conducts self-assessments and assurance directly over Second and Third Line activities.
B. It provides assurance services to external stakeholders.
C. It uses assurance information to gain confidence that the organization’s activities present a true and fair view.
D. It focuses only on reviewing financial statements.
Answer: C
Question #10 (Topic: Topic 3, Users of the GRC Assessment Framework
)
Which of the following best describes how the Fourth Line (Executive Management) uses assurance information according to the Lines of Accountability & Assurance Model?
A. It oversees the organization’s external audits without using assurance information.
B. It provides assurance deliverables directly to the Governing Authority.
C. It conducts direct assurance on the First and Second Line activities.
D. It uses assurance information to manage the entire organization, ensuring that risks, opportunities, and obligations are properly addressed.
Answer: D
