OCEG GRC Professional Certification - GRCP무료 덤프문제 풀어보기

A. CTO objectives are based on subjective measures, while RTO objectives are based on objective measures

B. CTO objectives are only relevant for change management planning, while RTO objectives are relevant for operational managers

C. CTO objectives focus on producing new value and improving performance, while RTO objectives focus on preserving existing value and maintaining service levels

D. CTO objectives are determined by the board of directors, while RTO objectives are determined by front- line managers

A. The Third Line, which may include internal audit, external audit, or outside experts

B. The Fourth Line, which is the Executive Team

C. The Fourth Line, which is the Human Resources department

D. The Fourth Line, which is the Governing Authority (Board)

A. Collaborative

B. Assertive

C. Versatile

D. Proactive

A. To enhance customer satisfaction and loyalty

B. To improve communication and collaboration

C. To maximize profits and shareholder value

D. To eliminate waste and increase efficiency

A. They provide additional information beyond management and governance actions and controls to evaluate subject matter

B. They are limited to financial audits and do not address other aspects of performance, risk, and compliance

C. They are used to evaluate the management and governance controls with regard to achieving financial objectives

D. They are focused on identifying and punishing non-compliant behavior within the organization

A. To achieve regulatory compliance and avoid penalties

B. To maximize profits and increase shareholder value

C. To expand the organization's market share and customer base

D. A balance of effectiveness, efficiency, responsiveness, and resilience

A. Discarding information that is not directly related to compliance

B. Focusing solely on findings related to unfavorable events

C. Analysis of information and findings to identify, prioritize, and route findings to management and stakeholders

D. Sharing all findings with external stakeholders and the public

A. Likelihood and impact are irrelevant in measuring the effect of uncertainty

B. Likelihood measures the chance of an event occurring, and impact measures the economic and non- economic consequences

C. Likelihood measures the number of obstacles, and impact measures the number of opportunities

D. Likelihood measures the financial gain, and impact measures the financial loss

A. Cause

B. Impact

C. Consequence

D. Likelihood

A. The Fourth Line, which is the Executive Team, is accountable and responsible for organization-wide performance, risk, and compliance.

B. The Fourth Line, which is the Compliance Department, is responsible for establishing actions and controls to address regulatory and policy requirements.

C. The Fourth Line, which is the HR department, is responsible for providing training and development opportunities to employees.

D. The Fourth Line, which is the Procurement Department, is responsible for managing vendor relationships and procurement processes.

A. Likelihood and impact

B. Probability and consequence

C. Accuracy and precision

D. Certainty and effect

A. Assurance culture

B. Management culture

C. Performance culture

D. Governance culture

A. People

B. Technology

C. Policy

D. Information

A. The Third Line, or the individuals and teams that provide assurance.

B. The Second Line, or the individuals and teams that establish performance, risk, and compliance programs.

C. The Fifth Line, or the Governing Authority (Board).

D. The First Line, or the individuals and teams involved in operational activities.

A. The risk that is transferred to a third party

B. The level of risk in the presence of actions & controls

C. The risk that remains after eliminating all threats

D. The risk that exists in all business activities