Free Practice OCEG GRCP Exam Questions 2025

Stay ahead with 100% Free GRC Professional Certification GRCP Dumps Practice Questions

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Total 157 Questions | Updated On: Apr 11, 2025

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Question 1

Which of these would not trigger the reconsideration of internal factors within an organization?

A : Fluctuations in the stock market and economic conditions.

B : Ordinary seasonal fluctuations in purchases.

C : The launch of a new product or service by a competitor.

D : Changes in government regulations and industry standards.

Answer: B

Question 2

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 3

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

Answer: B

Question 4

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 5

Which Critical Discipline of the Protector Skillset includes skills to constrain activities and set direction?

A : Audit & Assurance

B : Governance & Oversight

C : Risk & Decisions

D : Compliance & Ethics

Answer: B

Page: 1 / 32

Total 157 Questions | Updated On: Apr 11, 2025

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