Free GRC Auditor Certification Exam GRCA Exam Practice Test

If (Inherent Risk x Control Risk) is low

• We should perform extra testing
• We may consider performing less testing

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.

Which of these sources of evidence is MOST LIKELY to be MOST OBJECTIVE?

• Vocalized statements by the process owner
• Written report by an assurance professional
• Written report by the process owner

To evaluate operating effectiveness

• Conduct control testing
• Conduct substantive testing

Which disciplines are integrated into GRC?

• Audit and Assurance
• Governance and Oversight
• Strategy and Performance Management
• Quality and Conformance
• Information Privacy and Security
• Compliance and Ethics
• Risk and Decision Support
• All of these disciplines are integrated into GRC

How would the following test be classified?The Assurance Provider inspects a RACI matrix for inclusion of best practice content.

• Control test
• Substantive test

Producing Value and Protecting Value are trade-offs. You CANNOT do both at the same time. *

• True
• False

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

What are the common attributes of an assurance professional?

• Independence, objectivity and diligence
• Objectivity, competence and fallibilism
• Objectivity, independence and freedom

What is the BEST sequence of testing

• Control testing and then substantive testing
• Substantive testing and then control testing