Grc Interview Questions

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Total Questions: 5

1. New definition of risk under ISO 31000 and 31010 is:

A. Danger that injury, damage, or loss will occur

B. Possibility of investment loss

C. Probability of loss to an insurer

D. Probability of an event that will have an impact on objectives

Correct Answer is : Probability of an event that will have an impact on objectives

2. Causes of risk include all the following except:

A. Health, safety and environment

B. Finance

C. Insurance

D. Chemical breakdown

Correct Answer is : Chemical breakdown

3. Risk management as defined by OCEG GRC model is:

A. Capability to set and evaluate performance against objectives

B. Capability to proactively identify, assess and address uncertainty and potential obstacles to achieving objectives

C. Capability to proactively encourage and ensure compliance with established policies and boundaries

D. All of the above

Correct Answer is : Capability to proactively identify, assess and address uncertainty and potential obstacles to achieving objectives

4. Which of the following is the current trend in auditing, risk management and compliance?

A. Providing assurance over threats

B. Performing discrete audits in compliance with internal control

C. Front office function providing leading indicators about risk

D. All of the above

Correct Answer is : Front office function providing leading indicators about risk

5. According to IFAC, which of the following is not the responsibility of the board in relation to good governance of the organization?

A. Provide strategic direction

B. Ensure objectives are achieved

C. Ascertain that risks are managed appropriately

D. Quality assurance

Correct Answer is : Quality assurance

Grc interview questions