OCEG GRCP Exam - Topic 5 Question 5 Discussion

Actual exam question for OCEG's GRCP exam

Question #: 5
Topic #: 5

[All GRCP Questions]

What is the advantage of using technology-based inquiry for discovering events?

AThis inquiry prevents the need for employee surveys.

BThis inquiry eliminates the need to analyze information.

CThis inquiry focuses on unfavorable events.

DThis inquiry often provides information sooner than other methods.

Show Suggested Answer

Suggested Answer: D

Technology-based inquiry is advantageous because it often provides information sooner than traditional methods, enabling quicker responses to events and issues.

Benefits of Technology-Based Inquiry:

Real-Time Data: Enables immediate detection of issues through automated alerts or analytics.

Broader Coverage: Monitors large volumes of data and activities more efficiently than manual methods.

Why Other Options Are Incorrect:

A: Technology-based inquiry complements surveys but does not replace them entirely.

B: Information analysis is still required, even when gathered through technology.

C: Technology-based inquiry identifies both favorable and unfavorable events, not just the latter.

COSO ERM Framework: Highlights the use of technology in monitoring and inquiry processes.

OCEG GRC Capability Model: Discusses technology-based tools for faster issue detection.

by Socorro at Jan 10, 2025, 11:22 PM

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Lorrie

6 months ago

C seems a bit biased, why only focus on unfavorable events?

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Ricarda

6 months ago

Totally agree with D, timely info is a game changer!

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Jospeh

6 months ago

Wait, does it really eliminate the need for analysis? Sounds off.

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Rosamond

7 months ago

I think A is misleading, surveys can still be useful.

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Bernadine

7 months ago

D is definitely true, speed is key!

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Joesph

7 months ago

I definitely studied that tech-based methods can speed up the process, so I think D could be the right choice here.

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Yolando

7 months ago

I feel like the inquiry might focus on unfavorable events, but I can't recall if that's a specific benefit of using technology.

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Ellsworth

7 months ago

I remember a practice question that mentioned how tech can streamline data collection, which might relate to option D.

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Rodney

8 months ago

I think technology-based inquiry helps in getting quicker results, but I'm not entirely sure if that's the main advantage.

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Jacklyn

8 months ago

This is a good question. I'm going to carefully consider each option and try to eliminate the ones that don't seem right.

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Kelvin

8 months ago

I'm pretty confident that the correct answer is D. Technology-based inquiry often gives you information faster than other methods, which can be really useful.

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Serita

8 months ago

I'm a bit confused by the wording of the options. I'll need to read through them carefully to make sure I understand the differences.

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Reita

8 months ago

Okay, I think I've got this. The key is that technology-based inquiry can provide information more quickly than other approaches. That's a major advantage.

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