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Reliable OCEG GRCA Test Syllabus, Exam GRCA Experience

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OCEG GRCA Exam Syllabus Topics:

Topic
Details

Topic 1

Assurance and Assessment: This section of the exam measures the skills of GRC auditors and covers assurance and assessment models relevant to GRC practices. It includes understanding the key steps involved in planning and performing assessments, as well as designing reports and follow-up actions. A critical skill evaluated is the ability to create valid and reliable reports based on assessment findings.

Topic 2

GRC Assessment Framework: This section of the exam measures the skills of GRC professionals and covers the content of the GRC Assessment Framework. It emphasizes applying this framework based on the scope of specific assessments. A key skill assessed is understanding how to utilize the framework effectively to guide assessment processes.

Topic 3

General Knowledge: This section of the exam measures the skills of GRC professionals and covers key terms and definitions related to Governance, Risk, and Compliance (GRC). It emphasizes understanding the principles and business drivers that underpin GRC, as well as the benefits of integrating GRC into organizational practices. A vital skill assessed is recognizing how GRC relates to other disciplines and professions.

>> Reliable OCEG GRCA Test Syllabus <<

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OCEG GRC Auditor Certification Exam Sample Questions (Q41-Q46):

NEW QUESTION # 41
Follow-up on the implementation status of the recommendation based on high priority, due or overdue items or time-sensitive items is known as:

A. Follow-Up by Process Owner
B. Follow-Up by Targeted Review
C. Follow-Up by Independent Assurance

Answer: B

Explanation:
Follow-up on the implementation status of recommendations based on high priority, due or overdue items, or time-sensitive items is known as Follow-Up by Targeted Review. This approach focuses on areas that are of critical importance or where timely implementation is essential. It helps ensure that the most significant risks are addressed promptly and that any delays in addressing recommendations are identified and managed.
References:
* IIA Standards for the Professional Practice of Internal Auditing
* COSO Internal Control - Integrated Framework

NEW QUESTION # 42
Reasonable assurance is a...

A. low level of assurance
B. high level of assurance
C. medium level of assurance

Answer: B

Explanation:
Reasonable assurance is considered a high level of assurance. It indicates that the assurance provider has conducted a thorough and rigorous evaluation, although it does not guarantee absolute certainty. Reasonable assurance is commonly used in auditing and risk management contexts to provide stakeholders with confidence that the organization is operating effectively and complying with relevant standards and regulations.References:
* ISO 31000:2018 - Risk management - Guidelines
* AICPA Auditing Standards

NEW QUESTION # 43
You must use GRC Assessment Tools to do a GRC Assessment

A. True
B. False

Answer: B

Explanation:
While GRC Assessment Tools can greatly aid in conducting a GRC assessment by providing structured methodologies and frameworks, it is not mandatory to use them. Assessments can be conducted using other methods and tools as long as they are systematic and thorough. The key is to apply professional judgment and ensure the assessment is comprehensive and aligned with the organization's needs.References:
* ISO 31000:2018 - Risk management - Guidelines
* COSO Internal Control - Integrated Framework

NEW QUESTION # 44
During Assessment Planning, it is important to conduct a complete risk assessment and conduct detailed testing to understand inherent risks and control risk.

A. True. Everything needs to be fully understood before a plan can be finalized.
B. False. Limited information gathering and procedures should be conducted to get an initial estimate of inherent risk and control risk so that planning can proceed.

Answer: B

Explanation:
During the planning phase of an assessment, it is not necessary to conduct a complete risk assessment and detailed testing. Instead, limited information gathering and initial procedures are sufficient to estimate inherent risk and control risk, allowing planning to proceed. This initial estimate helps to set the scope and focus of the assessment. Detailed testing and a comprehensive risk assessment can be conducted during the actual assessment phase. This approach allows for a more efficient and flexible planning process.References:
* ISO 19011:2018 - Guidelines for auditing management systems
* NIST SP 800-30 Rev. 1 - Guide for Conducting Risk Assessments

NEW QUESTION # 45
If (Inherent Risk x Control Risk) is low

A. We may consider performing less testing
B. We should perform extra testing

Answer: A

Explanation:
If the inherent risk and control risk are both low, we may consider performing less testing. Inherent risk refers to the risk of an event occurring without considering any controls, while control risk is the risk that controls will not prevent or detect the event. When both risks are low, it indicates that the likelihood of issues occurring and not being detected is minimal, allowing for a reduced level of testing. This approach helps in efficiently allocating resources while maintaining a reasonable level of assurance.References:
* AICPA Auditing Standards
* ISO 31000:2018 - Risk management - Guidelines

NEW QUESTION # 46
......

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