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OCEG Exam GRCP Topic 5 Question 4 Discussion

Actual exam question for OCEG's GRCP exam
Question #: 4
Topic #: 5
[All GRCP Questions]

Why is it important to design specific inquiry routines to detect unfavorable events?

Show Suggested Answer Hide Answer
Suggested Answer: C

Designing specific inquiry routines to detect unfavorable events is critical to identifying and addressing them as soon as possible, minimizing potential harm and enabling timely corrective actions.

Importance of Early Detection:

Reduces the likelihood of escalation or further impact.

Ensures compliance with regulatory and organizational requirements.

Why Inquiry Routines Matter:

Focused inquiry routines allow for systematic identification of risks or issues.

Enhance organizational resilience and responsiveness.

Why Other Options Are Incorrect:

A: The focus is on unfavorable events, not favorable ones.

B: Technology-based methods are an integral part of inquiry routines, not something to avoid.

D: Observations and conversations are complementary to inquiry routines, not replaced by them.


ISO 31000 (Risk Management): Emphasizes proactive detection of risks and unfavorable events.

OCEG GRC Capability Model: Discusses inquiry routines as part of a robust detection framework.

by Tawanna at Jan 09, 2025, 05:40 AM

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Ciara
2 months ago
Haha, D is a good one! Preventing observations and conversations, that's the dream, right?
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Mohammad
2 months ago
C) To detect them as soon as possible.
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Gerardo
2 months ago
A) To prioritize the discovery of favorable events.
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Giovanna
2 months ago
I agree, C is the way to go. Who needs those fancy technology methods when you can just design the right routines?
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Catherin
2 months ago
A) To prioritize the discovery of favorable events.
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Francene
2 months ago
I think C is the best option too. It's important to catch unfavorable events early.
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Ammie
2 months ago
C) To detect them as soon as possible.
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Nguyet
3 months ago
C) To detect them as soon as possible because early detection can prevent further negative impact.
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Karan
3 months ago
A) To prioritize the discovery of favorable events.
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Bobbye
3 months ago
Option C is clearly the correct answer. Detecting unfavorable events as soon as possible is crucial for timely mitigation.
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Leota
2 months ago
That's true, focusing on detecting unfavorable events can help prevent negative outcomes.
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Gwen
2 months ago
A) To prioritize the discovery of favorable events.
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Letha
2 months ago
I agree, early detection is key to preventing bigger issues.
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Sheridan
2 months ago
C) To detect them as soon as possible.
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Val
3 months ago
C) To detect them as soon as possible.
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