GRCA

The two kinds of PROACTIVE controls areA . training and educationB . promoting and preventiveC . access and systemView AnswerAnswer: B Explanation: Proactive controls are those measures implemented to prevent undesirable events before they occur. Promoting controls are designed to encourage desired behaviors and outcomes, such as compliance with policies...

Which of these is defined as "externally directing, controlling and evaluating an entity, process or resource"A . GovernanceB . AssuranceC . ManagementView AnswerAnswer: A Explanation: Governance is defined as "externally directing, controlling and evaluating an entity, process, or resource". It involves establishing policies, and continuous monitoring of their proper implementation,...

What are the common attributes of an assurance professional?A . Independence, objectivity and diligenceB . Objectivity, competence and fallibilismC . Objectivity, independence and freedomView AnswerAnswer: A Explanation: The common attributes of an assurance professional are independence, objectivity, and diligence. Independence ensures that the assurance professional is free from any influence...

Which two factors drive the potential level of assurance that an assurance provider may target?A . Competence and ObjectivityB . Independence and FreedomC . Freedom and DisinterestView AnswerAnswer: A Explanation: The two factors that drive the potential level of assurance an assurance provider may target are competence and objectivity. Competence...

Which of the following is defined as "a measure of the desirable effect of uncertainty on objectives?A . RiskB . ComplianceC . RewardView AnswerAnswer: A Explanation: Risk is defined as a measure of the desirable effect of uncertainty on objectives. According to the ISO 31000 standard, risk is "the effect...