GRC Governance Frameworks & Best Practices 4

Question 1

A company adopts COBIT 2019 and focuses on the management objective 'APO12 Managed Risk.' This objective belongs to which COBIT domain?

Accepted Answer

Align, Plan and Organize (APO)

Answer

APO (Align, Plan and Organize) is the domain containing APO12 Managed Risk, reflecting its strategic and planning nature.

Question 2

Which of the following best describes 'governance washing' in a corporate context?

Accepted Answer

Publicly claiming strong governance practices without substantive implementation

Answer

Governance washing refers to organizations projecting an image of strong governance through marketing or disclosures while failing to implement meaningful controls.

Question 3

Under Sarbanes-Oxley Section 302, who must personally certify the accuracy of financial reports?

Accepted Answer

The CFO and CEO

Answer

SOX Section 302 requires the CEO and CFO to personally certify the accuracy and completeness of financial reports filed with the SEC.

Question 4

In governance frameworks, a 'maturity model' is primarily used to:

Accepted Answer

Benchmark and roadmap the improvement of governance capabilities

Answer

Maturity models provide a structured scale for assessing current capability levels and planning incremental improvements toward a target state.

Question 5

Which governance best practice addresses conflicts of interest by requiring board members to disclose personal financial interests related to company decisions?

Accepted Answer

Related-party transaction disclosure

Answer

Related-party transaction disclosure requires directors to reveal personal financial interests that could influence their objectivity on board decisions.

(GRC) Governance, Risk, and Compliance Certification Practice Test

(GRC) Governance, Risk, and Compliance Certification Practice Test

GRC Governance Frameworks & Best Practices 4