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OCEG Exam GRCP Topic 2 Question 2 Discussion

Actual exam question for OCEG's GRCP exam
Question #: 2
Topic #: 2
[All GRCP Questions]

What is the purpose of implementing ongoing and periodic review activities?

Show Suggested Answer Hide Answer
Suggested Answer: C

Ongoing and periodic review activities are designed to evaluate the performance of actions and controls in terms of their effectiveness, efficiency, responsiveness, and resilience.

Purpose of Reviews:

Effectiveness: Ensures objectives are being met.

Efficiency: Confirms optimal use of resources.

Responsiveness: Measures the speed of adaptation to changes or issues.

Resilience: Assesses the ability to recover from disruptions.

Why Other Options Are Incorrect:

A: Reviews complement external audits, not replace them.

B: Cost reduction may be a result but is not the primary purpose.

D: Documentation for legal defenses is a secondary benefit, not the main goal.


COSO ERM Framework: Highlights the role of reviews in assessing risk management and control performance.

OCEG GRC Capability Model: Recommends regular reviews for continuous improvement.

by Avery at Jan 14, 2025, 10:39 PM

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Chauncey
2 months ago
Option C all the way. Gotta love those resilient actions and controls. Keeps the business from falling apart at the seams.
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Chaya
1 months ago
Definitely, it's important to constantly assess and improve our processes.
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Ettie
1 months ago
I agree, resilience is key to keeping things running smoothly.
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Ronald
2 months ago
Haha, A? Eliminate audits? Yeah, right. Might as well try to eliminate taxes while you're at it. C is the clear winner here.
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Olen
2 months ago
User 2: User Comment: Haha, A? Eliminate audits? Yeah, right. Might as well try to eliminate taxes while you're at it. C is the clear winner here.
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Jean
2 months ago
User 1: A) To eliminate the need for external audits.
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Sonia
2 months ago
I believe it's also important for documentation in legal actions.
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Carlene
3 months ago
I agree with Isabelle, ongoing review activities help in assessing controls.
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Alecia
3 months ago
I'm going with C. Keeps the organization running like a well-oiled machine. Efficiency is key, people!
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Maryrose
2 months ago
It's important to constantly review and improve processes for better performance.
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Barb
2 months ago
C) To gauge the effectiveness, efficiency, responsiveness, and resilience of actions and controls.
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Allene
2 months ago
Agreed, efficiency is definitely key in keeping things running smoothly.
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Rosalind
2 months ago
C) To gauge the effectiveness, efficiency, responsiveness, and resilience of actions and controls.
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Isabelle
3 months ago
I think the purpose is to gauge effectiveness and resilience.
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Alysa
3 months ago
C is definitely the way to go. Gotta make sure those controls are up to snuff, you know? No slacking off allowed!
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Merlyn
3 months ago
Option C seems to be the most comprehensive answer. Ongoing review activities help organizations stay on top of their game!
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Sherron
2 months ago
Having documentation for legal defense is crucial in today's business environment.
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Ligia
2 months ago
Periodic reviews also help in identifying any gaps or areas for improvement.
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Josphine
3 months ago
I agree, ongoing reviews are essential for ensuring effectiveness and efficiency.
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