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GRC Professional Certification Exam Questions and Answers

Question 41

In the IACM, what is the role of Prevent/Deter Actions & Controls?

Options:

A.

To decrease the likelihood of unfavorable events

B.

To identify areas in the organization where compliance issues may arise

C.

To promote collaboration and teamwork among employees

D.

To ensure compliance with industry-specific regulations

Question 42

How are Key Performance Indicators (KPIs), Key Risk Indicators (KRIs), and Key Compliance Indicators (KCIs) used?

Options:

A.

KPIs help govern, manage, and provide assurance about performance related to an objective; KRIs help govern, manage, and provide assurance about risk related to an objective; KCIs help govern, manage, and provide assurance about compliance related to an objective

B.

KPIs are financial metrics, KRIs are operational metrics, and KCIs are customer-related metrics, all of which are used to determine executive bonuses

C.

KPIs are long-term goals, KRIs are short-term goals, and KCIs are intermediate goals, all of which are used to determine what decision-making criteria is required

D.

KPIs are used to measure the efficiency of business processes; KRIs are used to assess the risk assessment processes; and KCIs are used to evaluate the impact of changes, regulations and other obligations

Question 43

What is the purpose of conducting after-action reviews?

Options:

A.

To determine if, when, how, and what to disclose regarding unfavorable events

B.

To provide timely incentives to employees for favorable conduct

C.

To uncover root causes of favorable and unfavorable events and improve proactive, detective, and responsive actions and controls

D.

To establish a tiered approach for responding to unfavorable events

Question 44

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

Options:

A.

Market research, customer feedback, and competitive analysis

B.

How the organization's legal department and outside legal counsel coordinate activities

C.

Laws, rules, regulations, litigation, and judicial or administrative opinions

D.

Enforcement actions and litigation against the company

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Total 212 questions