GRCA Actual Questions Answers Pass With Real GRCA Exam Dumps [Q21-Q41]

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GRCA Actual Questions Answers Pass With Real GRCA Exam Dumps

GRCA Dumps Prepare Your Exam With 47 Questions

NEW QUESTION 21
What level of assurance is required for an assessment?

Medium

High

Low

An assessment may target any level of assurance. The key is to define this level prior to setting the purpose and parameters.

NEW QUESTION 22
Reasonable assurance is a…

low level of assurance

medium level of assurance

high level of assurance

NEW QUESTION 23
You must use GRC Assessment Tools to do a GRC Assessment

True

False

NEW QUESTION 24
The parameters of an Assessment include

Evidence, Tests and Outcomes

Scope, Tests and Evidence

Scope, Criteria and Nature of Testing

NEW QUESTION 25
The key steps in the Assessment Process are

Select, Assess, Monitor and Improve

Plan, Perform, Report and Follow-Up

NEW QUESTION 26
When should Assessment Notification be announced?

As late as possible in case there is fraud in the assessed area

Depends on the Purpose and Parameters and whether fraud it suspected.

As soon as possible to start planning

NEW QUESTION 27
During Assessment Planning, it is important to conduct a complete risk assessment and conduct detailed testing to understand inherent risks and control risk.

True. Everything needs to be fully understood before a plan can be finalized.

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.

NEW QUESTION 28
When performing an Assessment, it is important to NEVER change the execution plan

True. Never, ever change the plan.

False. As information is uncovered, adjust procedures as appropriate.

NEW QUESTION 29
Achieving Principled Performance means to:

Be an ethical performer

Reliably achieve objectives, address uncertainty and act with integrity

Recycle

NEW QUESTION 30
What is the BEST sequence of testing

Control testing and then substantive testing

Substantive testing and then control testing

NEW QUESTION 31
What are the common attributes of an assurance professional?

Independence, objectivity and diligence

Objectivity, competence and fallibilism

Objectivity, independence and freedom

NEW QUESTION 32
A QUALIFIED assurance opinion or statement is

An affirmative statement that subject matter conforms to the suitable criteria and is free from meaningful misunderstanding

A statement that the assessment didn’t observe anything that makes us doubt whether subject matter conforms to the suitable criteria and is free from meaningful misunderstanding.

A statement that the assessment encountered some limitations in what can be concluded and outside of those limitations a positive or negative statement can be offered.

NEW QUESTION 33
Which of these is defined as “externally directing, controlling and evaluating an entity, process or resource”

Governance

Assurance

Management

NEW QUESTION 34
Which of the following is defined as “a measure of the degree to which obligations and requirements are addressed”

Risk

Compliance

Reward

NEW QUESTION 35
When inspecting information, the Content Criteria provides a guide to evaluating which of these

Design of the control

Substance of the operation in the field

NEW QUESTION 36
The key steps in the Assurance Process are

Plan, Perform, Report and Follow-Up

Select, Assess, Monitor and Improve

NEW QUESTION 37
A NEGATIVE assurance opinion or statement is

An affirmative statement that subject matter conforms to the suitable criteria and is free from meaningful misunderstanding

A statement that the assessment didn’t observe anything that makes us doubt whether subject matter conforms to the suitable criteria and is free from meaningful misunderstanding.

A statement that the assessment encountered some limitations in what can be concluded and outside of those limitations a positive or negative statement can be offered.

NEW QUESTION 38
When planning an Assessment, it is important to

INCLUDE the personnel who perform the work being assessed. They will help to inform Assessment staff and help to adjust parameters if necessary.

NOT include the personnel who perform the work being assessed. They will pollute the process.

NEW QUESTION 39
What are the dimensions of TOTAL Performance?

Effectiveness, Efficiency and Reponsiveness

Agility, Efficiency and Effectiveness

Effectiveness, Resiliency, and Agility