GRC Professional Certificate Q&A

Governance, Risk Management & Conpliance

Ratings 4.28 / 5.00

What You Will Learn!

GRCP process and capabilities
Performance management
Risk Management
Internal Controls
Key compliance requirements

Description

Getting a GRCP is the perfect way to start your career by understanding the big picture of GRC disciplines like strategy, risk, compliance, audit and how to integrate these disciplines most effectively through technology.

For example, as a Risk Professional you will have to interact with all of the other GRC disciplines. GRCP helps you understand your peers in other departments, how they think, what they need to be successful. And, with GRCP you open up more options in your career as you move forward.

The GRCP certification exam covers both awareness (definitions, terms, and lists) and application of concepts and knowledge of the GRC Capability Model.

Principles, outcomes and key terms Prove that you know how to communicate across disciplines using a common and unambiguous language.

Core components, practices and activities Demonstrate understanding of the 4 components and 20 elements that comprise the GRC Capability model.

Relationship of GRC to disciplines Discuss how GRC incorporates the governance, management and audit of strategy, performance, risk and compliance.

GRC is the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity

GRC as an acronym denotes governance, risk, and compliance — but the full story of GRC is so much more than those three words.

The acronym GRC was invented by the OCEG (originally called the "Open Compliance and Ethics Group") membership as a shorthand reference to the critical capabilities that must work together to achieve Principled Performance — the capabilities that integrate the governance, management and assurance of performance, risk, and compliance activities.

This includes the work done by departments like internal audit, compliance, risk, legal, finance, IT, HR as well as the lines of business, executive suite and the board itself.

While the acronym was used as early as 2003, the first peer-reviewed academic paper on the topic was published in 2007 by OCEG founder Scott L. Mitchell in the International Journal of Disclosure and Governance. This groundbreaking paper influenced an entire industry of software and services.

This was the beginning of open source GRC standards.