Free OCEG GRCP Exam Questions

Become OCEG Certified with updated GRCP exam questions and correct answers

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Total 108 Questions | Updated On: Jan 07, 2025

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Question 1

What is the difference between reasonable assurance and limited assurance?

A : Reasonable assurance is provided by external auditors as part of a financial audit and indicates conformity to suitable criteria and freedom from material error, while limited assurance results from reviews, compilations, and other activities performed by competent personnel who are sufficiently objective about the subject matter.

B : Reasonable assurance is provided by internal auditors as part of a risk assessment, while limited assurance results from external audits and regulatory examinations.

C : Reasonable assurance is provided by the Board of Directors as part of governance activities, while limited assurance results from employee self-assessments.

D : Reasonable assurance is provided by management as part of strategic planning, while limited assurance results from operational reviews and performance evaluations.

Answer: A

Question 2

What are some examples of environmental factors that may influence an organization's external context?

A : Climate and natural resources

B : Organizational procurement, vendor selection, and contract negotiation for hazardous waste disposal

C : Organizational performance metrics, goal setting, and progress tracking regarding climate-related projects

D : Organizational response to new carbon emission regulations

Answer: A

Question 3

What is the role of indicators in measuring progress toward objectives?

A : Indicators are used to determine if the objectives must be changed in response to changes in the external or internal context.

B : Indicators measure quantitative or qualitative progress toward an objective.

C : Indicators are used to evaluate the appropriateness of the organization’s selection of objectives.

D : Indicators are used to calculate the return on investment for various projects and initiatives.

Answer: B

Question 4

What is the role of indicators in measuring progress toward objectives?

A : Indicators are used to determine if the objectives must be changed in response to changes in the external or internal context.

B : Indicators measure quantitative or qualitative progress toward an objective.

C : Indicators are used to evaluate the appropriateness of the organization’s selection of objectives.

D : Indicators are used to calculate the return on investment for various projects and initiatives.

Answer: B

Question 5

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

A : Compliance & Ethics

B : Security & Continuity

C : Governance & Oversight

D : Audit & Assurance

Answer: A

Page: 1 / 22

Total 108 Questions | Updated On: Jan 07, 2025

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