Practice Free GRCP Exam Online Questions
What are the two key factors that determine the level of assurance provided by an assurance provider?
- A . Assurance Objectivity and Assurance Competence
- B . Assurance Transparency and Assurance Accountability
- C . Assurance Consistency and Assurance Reliability
- D . Assurance Efficiency and Assurance Effectiveness
What is the primary goal of defining an education plan?
- A . To evaluate the current skill level of the workforce.
- B . To develop a plan that is tailored to the specific needs of each audience.
- C . To create a helpline for anonymous reporting and asking questions.
- D . To implement Bloom’s Taxonomy in the education program.
Which category of actions and controls in the IACM includes human factors such as structure, accountability, education, and enablement?
- A . Technology
- B . Policy
- C . Information
- D . People
What is the process of validating direction within an organization?
- A . Conducting a SWOT analysis to identify the organization’s strengths, weaknesses, opportunities, and threats.
- B . Communicating, negotiating, and finalizing direction with other organizational levels/units.
- C . Conducting a comprehensive audit of the organization’s financial records to ensure they are showing movement in the right direction.
- D . Implementing a performance management system to evaluate employee performance and alignment to established direction.
What is the role of suitable criteria in the assurance process?
- A . These criteria are performance metrics used to assess the efficiency of the organization’s operations.
- B . These criteria are standards for the ethical conduct of employees and stakeholders.
- C . These criteria are guidelines for the allocation of resources within the organization.
- D . These criteria are benchmarks used to evaluate subject matter that yield consistent and meaningful results.
Which of the following best describes the overall process of analyzing risk culture in an organization?
- A . Determining the level of risk-taking that each employee is comfortable with.
- B . Assessing the organization’s ability to attract and retain top talent that is willing to take risks to achieve objectives.
- C . Evaluating the organization’s risk appetite and tolerance levels for each type of risk.
- D . Analyzing the climate and mindsets about how the workforce perceives risk, its impact on work, and its integration with decision-making.
What is the purpose of implementing incentives in an organization?
- A . To reduce the overall cost of employee compensation and benefits.
- B . To reduce the need for performance reviews and evaluations.
- C . To discourage employees from seeking employment opportunities elsewhere.
- D . To encourage the right proactive, detective, and responsive conduct in the workforce and extended enterprise.
What are the four aspects of Total Performance that should be considered in monitoring activities?
- A . Effective (Sound), Efficient (Lean), Responsive (Agile), Resilient (Antifragile)
- B . Revenue, Profit, Market Share, Growth
- C . Quality, Quantity, Timeliness, Accuracy
- D . Leadership, Communication, Collaboration, Innovation
What is the term used to describe an event that may have a negative effect on objectives?
- A . Risk
- B . Hazard
- C . Obstacle (Threat)
- D . Challenge
What criteria should objectives meet to be considered effective?
- A . Objectives should be based only on financial metrics for each unit or department
- B . Objectives should meet the SMART criteria (Specific, Measurable, Achievable, Relevant, Timebound)
- C . Objectives should only have one timescale, e.g., quarterly, annually, 5 years
- D . Objectives should be sought by a majority of the stakeholder categories for the organization