OCEG GRCA Exam - Topic 1 Question 6 Discussion

Actual exam question for OCEG's GRCA exam

Question #: 6
Topic #: 1

[All GRCA Questions]

Which of these is defined as "externally directing, controlling and evaluating an entity, process or resource"

AGovernance

BAssurance

CManagement

Show Suggested Answer

Suggested Answer: A

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, by the members of the governing body of an organization. It ensures that the entity is operating effectively and in alignment with its objectives and regulatory requirements. Governance encompasses a wide range of activities, including strategic planning, decision-making, and oversight, all aimed at achieving the entity's goals while managing risk and ensuring compliance. Reference:

ISO 38500:2015 - Information technology - Governance of IT for the organization

OECD Principles of Corporate Governance

by Providencia at Jan 10, 2025, 07:19 AM

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Gianna

2 months ago

Wait, are we sure it's not management?

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Irma

2 months ago

Totally agree, it's definitely governance!

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Almeta

3 months ago

Yup, governance fits the definition perfectly.

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Fernanda

3 months ago

I thought assurance was the right answer!

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Marget

3 months ago

Governance is all about directing and controlling.

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Janine

3 months ago

I feel like "assurance" doesn't fit at all, but I'm stuck between "governance" and "management." I wish I had reviewed more examples!

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Dorathy

4 months ago

I'm leaning towards "governance" too, but "management" seems close. I just can't recall the exact definitions we went over.

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Carli

4 months ago

I remember a practice question that talked about management in a similar way, but it didn't emphasize the external aspect like this one does.

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Vi

4 months ago

I think "governance" might be the right answer since it involves directing and controlling, but I'm not completely sure.

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Jessenia

4 months ago

I'm a little confused by the wording of this question. Is it asking for the definition of governance, or which of the options is the definition? I want to make sure I understand exactly what it's asking before I select an answer.

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Carri

4 months ago

Okay, I've got this. Governance is the external oversight and control of an organization or process, so that's the right answer here. Assurance and management are related but distinct concepts.

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Howard

4 months ago

Hmm, this one has me a bit stumped. I'm not totally sure about the differences between governance, assurance, and management. I'll have to think this through carefully.

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Phil

5 months ago

I think this question is asking about the definition of governance, which is the external direction, control, and evaluation of an entity or process. I'm pretty confident that the correct answer is A.

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Veda

1 year ago

Haha, this is easy! It's C. Management, obviously. The other two, 'governance' and 'assurance'? Those sound like fancy words for 'napping on the job'.

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