Test Online GRCP Dumps Questions to Be Certified

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June 14, 2025

To help prepare for the GRCP exam, you may want to consider using GRCP exam dumps questions. These questions are designed to test your knowledge and understanding of the topics covered on the exam. The more you practice answering GRCP dumps questions, the more comfortable you will become with the exam format and the types of questions you can expect to see. GRCP dumps can help reduce anxiety on exam day and improve your chances of success. Go and test free GRCP exam dumps questions here.

Page 1 of 8

1. What is the purpose of defining design criteria?

To identify the key stakeholders involved in the design process

To guide, constrain, and conscribe how actions and controls are prioritized to achieve acceptable levels of risk, reward, and compliance

To establish a timeline for the implementation of the design

To determine the budget allocated for the design project

2. Can the Second Line provide assurance over First Line activities, and under what conditions?

No, the Second Line cannot provide assurance over First Line activities because it is focused on strategic planning and long-term goals, not on assurance activities

Yes, the Second Line can provide assurance over First Line activities regardless of the design or performance of the activities because it has a higher level of authority and the necessary skills

Yes, the Second Line may provide assurance over First Line activities so long as the activities under examination were not designed or performed by the Second Line, and the Second Line personnel have the required degree of Assurance Objectivity and Assurance Competence relative to the subject matter and desired Level of Assurance

No, the Second Line cannot provide assurance over First Line activities because it lacks the necessary authority and jurisdiction

3. What is the purpose of after-action reviews?

They are used to provide incentives to employees for favorable conduct

They are used to ensure the protection of anonymity and non-retaliation for reporters

They uncover root causes of events and help improve proactive, detective, and responsive actions and controls

They are used to escalate incidents for investigation and identify them as in-house or external

4. What is the purpose of analyzing the internal context within an organization?

To consider internal strengths and weaknesses, strategic plans, operating plans, organizational structures, policies, people, processes, technology, resources, information, and other internal factors that define the organization’s operations.

To determine the organization’s financial performance and profitability with its current plans, structures, people, and other internal factors that define the organization’s operations.

To evaluate the organization’s use of resources in relation to its established objectives.

To assess how the organization operates given market conditions and competitive landscape.

5. Why is monitoring important in the context of the REVIEW component?

Because it generates financial reports for stakeholders.

Because it contributes to employee performance evaluations.

Because it is a required task for external regulatory compliance.

Because it helps management and the governing authority understand progress toward objectives and whether opportunities, obstacles, and obligations are addressed.

6. Why is it important for an organization to sense and analyze changes in context within the LEARN component?

To evaluate the effectiveness of the organization’s risk management framework

To comply with legal and regulatory requirements related to governance and risk management

To ensure that the organization’s financial statements are accurate and up to date

To determine necessary changes to the organization and to understand which changes are significant and which are distractions

7. How can inconsistent incentives impact the perception of employees and business partners?

They can reduce the risk of legal disputes

They can lead to perceptions of favoritism and mistrust

They can increase employee motivation and productivity

They can improve the company’s public image

8. What type of policy provides instructions on what actions should be avoided by the organization?

Prescriptive Policy

Procedural Policy

Proscriptive Policy

Reactive Policy

9. What are some examples of economic incentives that can be used to encourage favorable conduct?

Monetary compensation, bonuses, profit-sharing, and gain-sharing.

Employee training, mentorship programs, and skills development.

Flexible work hours, remote work options, and casual dress codes.

Team-building activities, company retreats, and social events.

10. How does the Maturity Model help organizations assess their preparedness to perform practices?

By evaluating the performance of managers and their teams involved in GRC processes

By acting as a tool for ensuring compliance with legal and regulatory requirements

By helping organizations determine the budget allocation for GRC programs and where to apply resources across the GRC capabilities

By providing a continuum with levels that allow organizations to assess their capability to perform practices, identify areas for improvement, and develop maturity incrementally from one level to the next

Page 2 of 8

11. What are key risk indicators (KRIs) associated with?

The rate of return on investment and capital allocation

The quality of products and services offered to customers

The level of innovation and technological advancement

The negative, unfavorable effect of uncertainty on objectives

12. What are beliefs, and how do they influence behavior within an organization?

Beliefs are ideas and assumptions held by individuals or groups, often shaped by experiences and perceptions, that influence behavior by informing the values and principles that guide actions and decisions.

Beliefs are the organization’s commitments to mandatory and voluntary obligations, and they influence behavior by determining the extent to which individuals fulfill obligations and honor promises.

Beliefs are the organization’s understanding of its mission, vision, and values, and they influence behavior by aligning actions with the organization's higher purpose and long-term goals.

Beliefs are the organization’s perceptions of risk and uncertainty, and they influence behavior by guiding actions and controls to address compliance-related risks.

13. At a very high level, how can an organization address an opportunity, obstacle, or obligation?

By avoiding any actions that could lead to uncertainty

By focusing on immediate goals and actions that don't present uncertainty

By obtaining risk insurance

By using design options such as Avoid, Accept, Share, and Control

14. What is the term used to describe the level of risk in the absence of actions and controls?

Uncontrolled Risk

Inherent Risk

Vulnerability

Residual Risk

15. Which aspect of culture includes workforce satisfaction, loyalty, turnover rates, skill development, and engagement?

Compliance and ethics culture

Performance culture

Workforce culture

Governance culture

16. What is the role of a values statement in an organization?

A values statement reflects the shared beliefs and expectations of the organization's leadership, employees, and stakeholders and serves as a guide for establishing a positive and productive organizational culture.

A values statement is a legal document that outlines the financial obligations and liabilities of the organization that contribute to its value.

A values statement is a formal agreement between the organization and its suppliers to ensure the timely delivery of goods and services that are essential to building the organization’s value.

A values statement is a marketing tool used to attract new customers and investors to the organization.

17. What are some examples of action and control categories as described in the IACM?

Policy, process change, punishment, incentives, and employee education

Policy, people, process, physical, informational, technological, and financial actions and controls

Outsourcing, downsizing, and automation as the primary means of control

Random selection, trial and error, and reliance on intuition and experience

18. What factors should be considered when selecting the appropriate sender of a message?

The sender’s fluency in the language of the needed communication, cultural background, and comfort in communicating with the target audience.

The sender’s preference for formal or informal communication and their ability to respond appropriately to feedback.

The purpose of communication, desired results, reputation with audience members, and shared culture and background with the audience.

The sender’s job title, office location, years of experience, and favorite communication channel.

19. How do mission, vision, and values work together to describe an organization's highest purpose?

The mission describes the organization's reason for existing; the vision describes the organization's plans for the next few years; and values describe the organization's performance evaluation criteria.

The mission describes who the organization serves, what it does, and its goals; the vision describes what the organization aspires to be and why it matters; and values describe what the organization believes and stands for. Together, they define the organization's highest purpose.

The mission describes the organization's financial targets, the vision describes the organization's marketing strategy, and the values describe the organization's pricing model.

The mission outlines the organization's legal obligations, the vision outlines the organization's ideas about meeting those obligations, and the values outline the organization's code of conduct.

20. What is the role of assurance actions and controls in the IACM?

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

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

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

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

Page 3 of 8

21. Why is it important to establish decision-making criteria in the alignment process?

To calculate the return on investment (ROI) of alignment activities

To ensure that the organization stays on track and achieves its objectives

To comply with industry regulations and standards

To evaluate the performance of individual employees and teams

22. What is the term used to describe the outcome or potential outcome of an event?

Consequence

Impact

Condition

Effect

23. In the context of GRC, what is the significance of setting objectives that are specific, measurable, achievable, relevant, and timebound (SMART)?

SMART objectives can be more easily communicated to stakeholders to gain their confidence

SMART objectives allow the organization to avoid accountability and responsibility for failing to achieve objectives

SMART objectives provide clarity, focus, and direction and help ensure that objectives are effectively aligned with the organization’s goals and priorities

SMART objectives are only relevant for financial objectives and have no impact on non-financial objectives

24. What is the primary purpose of the ALIGN component in the GRC Capability Model?

To coordinate the monitoring and evaluation of the organization's governance, risk, and compliance activities.

To define the direction and objectives of an organization and design an integrated plan to address opportunities, obstacles, and obligations.

To establish communication channels and provide education to stakeholders about how the organization aligns its business operations to their needs.

To review and improve the organization’s policies and controls and ensure they are aligned to the operations of the business.

25. What are some examples of industry factors that may influence an organization’s external context?

Product development, branding, and advertising campaigns.

Political involvement of competitors.

New entrants, competitors, suppliers, and customers.

New technologies available to the organization and its competitors.

26. What is the purpose of proactively developing communication channels within an organization?

To ensure that all communication is delivered in written form only.

To ensure that the channels are available before they are needed.

To formalize the process so that employees know that anything they communicate will be kept in records.

To limit communication to a single channel for simplicity and cost savings.

27. In the context of assurance activities, what is meant by the term "suitable criteria"?

Benchmarks used to evaluate subject matter that yield consistent and meaningful results

Legal and regulatory requirements that an organization must comply with

Ethical standards and codes of conduct established by an organization

Financial targets and performance metrics set by an organization

28. What is the difference between an organization’s mission and vision?

The mission is a financial target, while the vision is a non-financial target.

The mission is an objective that states who the organization serves, what it does, and what it hopes to achieve, while the vision is an aspirational objective that states what the organization aspires to be and why it matters.

The mission is a short-term goal or set of goals, while the vision is a long-term goal or set of goals.

The mission is focused on external stakeholders, while the vision is focused on internal stakeholders.

29. What is the role of indicators in measuring progress toward objectives?

Indicators are used to determine if the objectives must be changed in response to changes in the external or internal context.

Indicators measure quantitative or qualitative progress toward an objective.

Indicators are used to evaluate the appropriateness of the organization’s selection of objectives.

Indicators are used to calculate the return on investment for various projects and initiatives.

30. How do assurance activities contribute to justified conclusions and confidence about total performance?

By evaluating subject matter so that information consumers can trust what is stated or claimed

By implementing new technologies and software systems

By conducting market research and analyzing customer feedback

By organizing team-building activities and workshops

Page 4 of 8

31. What is the role of key risk indicators (KRIs)?

KRIs are subjective measures that are not based on any specific risk assessments or data so they only provide a high-level assessment of threats

KRIs are indicators that help govern, manage, and provide assurance about risk related to an objective

KRIs are used to evaluate the performance of the risk management and compliance departments

KRIs are only relevant for governmental entities and have no role in commercial enterprises

32. In the IACM, what is the role of Assurance Actions & Controls?

To assist assurance personnel in providing assurance services

To assess new products and services for the market

To analyze financial statements and prepare budgets

To create a positive organizational culture and work environment

33. What does agility in the context of the PERFORM component refer to?

The proficiency in building and maintaining relationships with partners and suppliers who must implement Perform actions and controls

The ability to quickly change direction in Perform actions and controls when things change

The capacity to innovate and develop new ways to implement Perform actions and controls

The capability to manage and resolve conflicts and disputes regarding Perform actions and controls

34. What is the purpose of defining identification criteria?

To establish the organizational hierarchy for decision-making

To guide, constrain, and conscribe how opportunities, obstacles, and obligations are identified, categorized, and prioritized

To create a list of potential stakeholders for communication purposes

To determine the budget allocation for risk management activities

35. The Critical Discipline skills of Compliance & Ethics help organizations through which of the following?

Setting direction, setting objectives and indicators, identifying opportunities, aligning strategies, and managing systems

Planning for risks, identifying risks, assessing risks, addressing risks, measuring and monitoring risks, and using decision science

Identifying mandatory and voluntary obligations, assessing risk, setting policy, educating the workforce, and shaping ethical culture

Fostering creativity, encouraging innovation, facilitating brainstorming, supporting idea generation, and promoting design thinking

36. GRC Professionals, known as "Protectors," work to achieve a specific goal referred to as Principled Performance.

Which of the following best describes Principled Performance®?

To reliably achieve objectives, address uncertainty, and act with integrity C to produce and preserve value simultaneously.

To maximize profits and minimize losses.

To ensure compliance with all legal requirements.

To eliminate all risks and uncertainties.

37. What is the significance of assurance controls in the PERFORM component?

To promote transparency and accountability in the organization's decision-making processes.

To ensure that the organization's financial statements are accurate and reliable.

To provide sufficient information to assurance providers when management and governance actions and controls are not enough.

To establish a clear chain of command and reporting structure within the organization.

38. Which Critical Discipline of the Protector Skillset includes skills to set objectives and align strategies?

Compliance & Ethics

Risk & Decisions

Security & Continuity

Strategy & Performance

39. In the IACM, what is the role of Governance Actions & Controls?

To assist the governing authority in constraining and constraining the organization

To develop and implement innovative business strategies

To engage with stakeholders and address their concerns

To monitor and evaluate the performance of suppliers and vendors

40. What are leading indicators and lagging indicators?

Leading indicators are types of input from leaders in each unit of the organization, while lagging indicators are views provided by departing employees during exit interviews.

Leading indicators are financial metrics, while lagging indicators are non-financial metrics.

Leading indicators are qualitative measures, while lagging indicators are quantitative measures.

Leading indicators provide information about future events or conditions, while lagging indicators provide information about past events or conditions.

Page 5 of 8

41. How can organizations encourage the occurrence of positive events while preventing negative ones?

Through implementing proactive actions and controls

Through employee training and follow-up

Through using financial actions and controls

Through relying on responsive actions and controls

42. What is the term used to describe a cause that has the potential to result in harm?

Hazard

Prospect

Opportunity

Obstacle

43. How does applying a consistent process for improvement benefit the organization?

It benefits the internal audit department

It reduces the need for employee training

It helps prioritize and execute across the organization

It is not necessary and has no benefits

44. How can the Code of Conduct serve as a guidepost for organizations of all sizes and in all industries?

It sets out the principles, values, standards, or rules of behavior that guide the organization’s decisions, procedures, and systems, serving as an effective guidepost

It is only applicable to large organizations in specific industries

It is a legally mandated document that must be established and followed by all organizations

It is a starting point for policies and procedures in large organizations or those in highly regulated industries, while in small organizations that are less regulated it is the only guidance needed

45. What are the three main aspects that organizations must face and address while driving toward objectives?

Opportunities (reward), obstacles (risk), and obligations (compliance)

Profitability, liquidity, and solvency

Growth, diversification, and resiliency

Leadership, teamwork, and communication

46. What is the significance of assigning a single owner to each objective?

Assigning a single owner to each objective ensures clear accountability and authority to ensure successful achievement

Assigning a single owner to each objective ensures that the owner receives recognition and rewards for achieving the objective

Assigning a single owner to each objective allows the owner to delegate tasks to other employees to achieve the objective

Assigning a single owner to each objective allows the owner to make unilateral decisions without consulting other stakeholders, which is necessary to keep plans for achieving the objective on track

47. How can organizations recover from negative conduct, events, and conditions, and correct identified weaknesses within their governance, management, and assurance processes?

Through open and transparent acknowledgment of the identified unfavorable conduct or events and acceptance of responsibility by the CE

Through the application of responsive actions and controls that recover from unfavorable conduct, events, and conditions; correct identified weaknesses; execute necessary discipline; recognize and reinforce favorable conduct; and deter future undesired conduct or conditions.

Through the use of both technology and physical actions and controls to recover from negative conduct and conditions, correct identified weaknesses, and establish barriers to future misconduct.

Through focusing on promoting positive behavior and establishing reward systems for employees who identify weaknesses in the systems of control.

48. In the context of GRC, which is the best description of the role of governance in an organization?

Developing marketing strategies and driving sales growth to meet objectives established by the governing body

Indirectly guiding, controlling, and evaluating an entity by constraining and conscribing resources

Conducting audits and providing assurance on the effectiveness of controls

Implementing operational processes and overseeing day-to-day activities

49. How is the efficiency of the LEARN component measured in terms of the use of capital?

By measuring changes in the organization's market share and competitive position.

By evaluating the return on investment from undertaking LEARN activities.

By assessing the efficiency of using financial, physical, human, and information capital to learn.

By analyzing the organization's budget allocation and resource utilization.

50. Which of the following reflects what the learner will be able to do after a learning activity?

Learning Assessment

Learning Objective

Learning Content

Learning Outcome

Page 6 of 8

51. How can an organization know the concerns and needs of its stakeholder groups?

By identifying and understanding the concerns and needs of both the organizations and specific people within them

By requiring stakeholders to sign non-disclosure agreements then having conversations

By conducting background checks on all stakeholders

By hosting annual stakeholder appreciation events where executives can ask them what they want

52. Which aspect of culture includes how the organization objectively examines and judges the effectiveness, efficiency, responsiveness, and resilience of critical activities and outcomes?

Management culture

Performance culture

Governance culture

Assurance culture

53. Culture is difficult or even impossible to "design" because:

People are not motivated to change.

It is an emergent property.

It takes too long.

There are too many subcultures.

54. 1.What does the initialism GRC stand for?

Governing risk and compliance

Governance, risk, and compliance

Governance, risk, and controls

Government, regulation, and controls

55. What is the purpose of reviewing information from monitoring and assurance?

To determine the effectiveness of strategies

To identify opportunities for improvement

To assess the financial stability of the organization

To evaluate employee performance

56. TRUE or FALSE: Analysis quantifies the relative size and impact of the effects of opportunities, obstacles, and obligations.

True

False

57. Which is a potential consequence of information compression in layered communication?

Uninformed decision-making by mid-level management

No consequence of concern if the correct, undistorted information is always available in the information management systems

Incorrect information content and information flow to superior units

Discovery of the need to remove layers so that the communications are more direct and distortion is avoided

58. Which are some considerations to keep in mind when establishing a communication framework?

Reducing the frequency of communication to avoid information overload.

Selecting the appropriate sender, recipient, intention, message, cadence, and channel.

Ensuring external communications are always formal while most internal communication can be more informal.

Using only one communication channel for all types of messages so that sending and receipt can be tracked.

59. What are the two measures used to estimate the effect of uncertainty on objectives?

Likelihood and impact

Probability and consequence

Certainty and effect

Accuracy and precision

60. A statement about what the organization stands for is best labeled as the:

Values

Vision

Outcome

Mission

Page 7 of 8

61. How does the IACM address unfavorable events related to obstacles?

By focusing on opportunities

By decreasing the ultimate likelihood and impact of harm

By implementing a flat organizational structure

By conducting regular employee satisfaction surveys

62. What are some key practices involved in managing policies within an organization?

Having internal audit design standard policy templates to make assessment of their effectiveness easier

Delegating policy management to each unit of the organization so there is a sense of accountability established

Implementing, communicating, enforcing, and auditing policies and related procedures to ensure that they operate as intended and remain relevant

Establishing policy management technology that has pre-populated templates so the organization’s policies meet industry standards

63. In the IACM, what is the role of Compound/Accelerate Actions & Controls?

To identify and address any potential conflicts of interest that may compound or accelerate enforcement actions against the company.

To enhance the brand image and reputation of the organization.

To accelerate and compound the impact of favorable events to increase benefits and promote the future occurrence.

To accelerate and compound the benefits of reducing costs.

64. What is a potential limitation of using qualitative analysis techniques in the context of risk, reward, and compliance?

Qualitative analysis techniques always lead to incorrect conclusions about risk, reward, and compliance.

Qualitative analysis techniques are not applicable to the analysis of risk and reward.

Qualitative analysis techniques rely on descriptive data and subjective judgments, which may result in less precise estimations compared to quantitative analysis.

Qualitative analysis techniques are only useful for analyzing compliance-related risks.

65. Which trait of the Protector Mindset involves bringing stability against volatile, uncertain, complex, and ambiguous realities?

Dynamic

Versatile

Stable

Accountable

66. Which Critical Discipline of the Protector Skillset includes skills to address obligations and shape an ethical culture?

Compliance & Ethics

Security & Continuity

Governance & Oversight

Audit & Assurance

67. What does it mean for an organization's GRC practices to be at Level 3 in the Maturity Model?

Practices are formally documented and consistently managed, ensuring that the team follows documented practices and maintains learner records

Practices are measured and managed with data-driven evidence, generating enough data and indicators to judge the effectiveness

Practices are consistently improved over time, with the team demonstrating continuous improvement in GRC capabilities

Practices are improvised, ad hoc, and often chaotic, with no formal documentation but they are similar in design

68. What are the two dimensions that drive an organization's engagement with stakeholders?

Compliance and Ethics

Interest and Power

Push and Pull

Internal and External

69. In the context of Principled Performance, what is the definition of integrity?

Integrity is the absence of any legal disputes or conflicts within an organization

Integrity is the ability to achieve financial success as promised to shareholders

Integrity is the process of complying with all government regulations

Integrity is the state of being whole and complete by fulfilling obligations, honoring promises, and cleaning up the mess if a promise was broken

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

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

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

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

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

Page 8 of 8

71. In the LEARN component, what is the difference between external context and internal context?

External context includes the organization's risk management policies, while internal context includes its compliance procedures

External context represents the operating environment, while internal context represents capabilities and resources

External context refers to the organization's financial performance, while internal context refers to its governance structure

External context encompasses the organization's mission and vision, while internal context encompasses its values and culture

72. Why is it important for an organization to prioritize the concerns and needs of stakeholders?

To organize stakeholder appreciation events

To rank the most valuable stakeholders

To highlight and address needs that compete with or conflict with each other

To create a stakeholder directory

73. What is the objective of improving actions and controls to address root causes and weaknesses associated with unfavorable events?

To escalate incidents for investigation and identify them as in-house or external.

To provide incentives to employees for favorable conduct.

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

To ensure that future events of similar nature are less likely to occur and are less harmful.

74. What is the end result of the alignment process in the ALIGN component?

The end result of alignment is a detailed budget and financial forecast

The end result of alignment is a comprehensive risk assessment report

The end result of alignment is an integrated plan of action

The end result of alignment is a detailed organizational chart with lines of reporting

75. The Critical Disciplines skills of Audit & Assurance help organizations through which of the following?

Managing mergers and acquisitions, evaluating investment opportunities, conducting due diligence, and integrating acquired businesses

Setting direction, setting objectives and indicators, identifying opportunities, aligning strategies, and managing systems

Prioritizing assurance activities, planning and performing assessments, using testing techniques, and communicating to enhance confidence

Identifying critical physical and digital assets, assessing related risks, addressing related risks, measuring and monitoring risks, and performing crisis response

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