OCEG Exam GRCP Topic 5 Question 5 Discussion

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.