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NEW QUESTION 11
A Control Manager has changed the status ofan issue to "In Remediation" and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?
- A. Approved
- B. Active
- C. In Edit
- D. In Review
- E. Reported
Answer: E
NEW QUESTION 12
The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?
- A. The underlying model is not linked to Order to Cash.
- B. The business owner was recently assigned the role and the worklist needs to be refreshed.
- C. The Result Management Perspective Assignment has not been linked.
- D. Worklist assignment does not include the business owner.
- E. The Control Perspectives are not linked to the control.
Answer: D
NEW QUESTION 13
You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?
- A. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
- B. Add the Risk Reviewer Composite duty role to theperson who creates the risks so he or she would be able to review them before saving the record.
- C. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.
- D. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
Answer: A
NEW QUESTION 14
You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the numberof incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?
- A. Mean
- B. Clustering
- C. Absolute Deviation
- D. Pareto
- E. Anomaly Detection
Answer: D
NEW QUESTION 15
Youhave created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
- A. Both R100 and C100 will be in the "In Review" state.
- B. Both R100 and C100 will be in the "New" state.
- C. Both R100 and C100 will be in the "Approved" state.
- D. Both R100 and C100 will be in the "Awaiting Approval" state.
Answer: D
NEW QUESTION 16
You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
"Required" field to "yes" for the Control-Business Units association.
Where do you do this in the product?
- A. The Import template
- B. The Create Control screen
- C. The Manage Module Perspectives screen
- D. The Create Perspectives screen
- E. The Manage Object Perspectives screen
Answer: D
NEW QUESTION 17
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Enter the new value directly in the Control method field.
- B. Use Lookup Meaning of the new lookup value.
- C. Use Lookup Type of the new lookup value.
- D. Use Lookup Code of the new lookup value.
Answer: A
NEW QUESTION 18
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)
- A. Identify the organizations or business units for which users will perform review or approval.
- B. Identify users who will perform control review and approval.
- C. Identify the other roles to be provided for control managers.
- D. On the Controls tab of the Import template, set the control state to NEW for each control record.
Answer: A,B
NEW QUESTION 19
The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)
- A. Enable impromptu assessments during configuration of module objects.
- B. Perform impromptu assessments for the two controls.
- C. Initiate a planned assessment and include the two controls as part of the same assessment.
- D. Initiate two plannedassessments, one for each control.
- E. Initiate a planned assessment that includes all controls assigned to perspective P2P.
Answer: A,D,E
NEW QUESTION 20
Which three steps can be performed by using the Configure Module Objectspages? (Choose three.)
- A. Edit the assessment activity question and guidance text for all assessment types.
- B. Create object data import templates.
- C. View assessment response details for all assessment types.
- D. Choose display (or hide) configurable options for: results, events, consequences and treatments.
- E. Set "object-perspective" association.
Answer: C,D,E
NEW QUESTION 21
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?
- A. You can relate a new process and a new control.
- B. You can relate only an existing control, but not a new control.
- C. You can relate only process objects.
- D. You can relate only control objects.
Answer: A
NEW QUESTION 22
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
- A. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- B. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
- C. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
- D. One job will run for the two objects based on transactions dated afterthe Transaction Created As of Date.
Answer: D
NEW QUESTION 23
An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Whichtransaction model will identify payments made to these companies?
- A. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
- B. Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
- C. Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
- D. You cannot define this model because imported objects from a file cannot be used with delivered objects.
Answer: C
NEW QUESTION 24
Your customer needs to conduct monthly Operational Effectiveness assessments for controls acrosstwo organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by BusinessProcess every week.
How should you design perspectives to achieve this?
- A. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
- B. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
- C. Use the Region hierarchy initially, and later use both Region and BusinessProcess hierarchies for security.
- D. Use both Region and Business Process hierarchies solely for reporting purposes.
Answer: B
NEW QUESTION 25
Which three statements are true about the purpose of perspectives? (Choose three.)
- A. Perspectives can be used for categorizing Financial Reporting Compliance objects.
- B. Perspectives can be used to represent regional hierarchies.
- C. Perspectives are used to enable data security on Financial Reporting Compliance objects.
- D. Perspectives can be used to define user privileges.
- E. Perspectives enable functional security in Financial Reporting Compliance.
Answer: B,C,E
NEW QUESTION 26
You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes twostandard filters that identify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
- A. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.
- B. The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
- C. The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
- D. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
Answer: B
NEW QUESTION 27
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