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NEW QUESTION 33
You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?
- A. .doc
- B. .xml
- C. .pdf
- D. .xlsx
- E. .txt
Answer: B
NEW QUESTION 34
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. Initiate a planned assessment that includes all controls assigned toperspective P2P.
- 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. Enable impromptu assessments during configuration of module objects.
- E. Initiate two planned assessments, one for each control.
Answer: A,D,E
NEW QUESTION 35
You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will beanalyzed?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: A
NEW QUESTION 36
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 Control Perspectives are not linked to the control.
- B. The underlying model is not linked to Order to Cash.
- C. The Result Management Perspective Assignment has not been linked.
- D. Worklist assignment does not include the business owner.
- E. The business owner was recently assigned the role and the worklist needs to be refreshed.
Answer: D
NEW QUESTION 37
You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)
- A. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- B. To relate controls to risks, the risks must be in"approved" state.
- C. You can use the Data Migration tool to add control records for the existing risks.
- D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
- E. You cannot use the Data Migration tool to add control records to map to existing risks.
Answer: C,D
NEW QUESTION 38
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 isstored in a file.
Which transaction 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 "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".
- 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 "Payment" object. One both objects are in your model, add this standardfilter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
- D. You cannot define this model because imported objects from a file cannot be used with delivered objects.
Answer: A
NEW QUESTION 39
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 only process objects.
- B. You can relate only control objects.
- C. You can relate a new process and a new control.
- D. You can relate only an existing control, but not a new control.
Answer: C
NEW QUESTION 40
You areimplementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
Afterthe seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)
- A. Access incident Results Manager
- B. Application Data Source Manager
- C. Advanced Control System Administrator
- D. Access Model Manager
- E. Access Control Manager
Answer: A,D
NEW QUESTION 41
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?
- A. Access Entitlement
- B. Access Point
- C. Fusion Access Condition
- D. Access Point and User Business Object
- E. Access Point and Fusion Access Condition
Answer: A
NEW QUESTION 42
Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)
- A. A user sets the Status of the incident to "Resolved".
- B. A user sets the State of the incident to "Remediate".
- C. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
- D. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
- E. The incident is resolved inFusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
Answer: B,E
NEW QUESTION 43
How do youassociate a risk to a control?
- A. The only way to create risk-control associations is through data import.
- B. In the related object section of process definition, add the control tothe risk.
- C. On the Related Objects tab of control definition, add the risk.
- D. On the Related Controls tab of risk definition, add the control.
- E. To associate a control to a risk, the control needs to be in the Review state.
Answer: D
NEW QUESTION 44
Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)
- A. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
- B. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
- C. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
- D. Function filter grouping by "Taxpayer ID" where count is greater than 1.
- E. Function filter grouping by "Supplier ID" where count is greater than 1.
Answer: C,E
NEW QUESTION 45
When you view or edit a transaction incident, you may seeextra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Equals (when the same attribute is used on both sides of the condition)
- B. Similar
- C. Average Function
- D. Not in
- E. Between (when using a date attribute)
Answer: C,D,E
NEW QUESTION 46
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. One job will run for the two objects based ontransactions dated before the Transaction Created As of Date.
- B. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- C. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
- D. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
Answer: C
NEW QUESTION 47
Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.
- A. Only Control 1
- B. None
- C. Controls 1, 2, and 3
- D. All controls
- E. Controls 2 and 3
Answer: E
NEW QUESTION 48
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. Controls 2 and 4
- B. Controls 1 and 2
- C. None
- D. All controls
- E. Controls 1, 2, and 4
Answer: B
NEW QUESTION 49
You have two segregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either theinvoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?
- A. Construct one model: "Create Supplier & Create Invoice & Create Payment"
- B. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment" - C. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment" - D. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
- E. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and"Create Payment"
Answer: A
NEW QUESTION 50
You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where thedelivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?
- A. 3, 2, 1
- B. 1, 2, 3
- C. 2, 3, 1
- D. 1, 3, 2
- E. 2, 1, 3
Answer: B
NEW QUESTION 51
Select three fields that are required to create an impromptu assessment. (Choose three.)
- A. Due Date
- B. Name
- C. Template
- D. Activity
- E. Reviewer
- F. Perspectives
Answer: A,B,C
NEW QUESTION 52
Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)
- A. It promotes rapid implementation and go-live.
- B. Large scope of project requires higheffort for maintenance and administration.
- C. It promotes successful adoption and minimizes on-going cost of operation.
- D. It promotes go-live with minimal acceptance testing and user training.
- E. It provides maximum return on investment with minimum project risk.
Answer: A,C,E
NEW QUESTION 53
Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)
- A. Status: Open; State: Approved
- B. Status: On-Hold; State: Reported
- C. Status: Open; State: New
- D. Status: On Hold; State: In Review
- E. Status: Open; State: In Edit
- F. Status: On Hold; State: Awaiting Approval
- G. Status: Closed; State: Closed - Awaiting Approval
- H. Status: Closed; State: Final Close
Answer: A,C,D,E
NEW QUESTION 54
You are implementing Advanced AccessControls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?
- A. Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
- B. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
- C. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
- D. Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, and select the entitlement you created.
- E. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created.
Answer: B
NEW QUESTION 55
How do you add values to a Risk Type list of values?
- A. Use the default lookup codes because there is no way to update the existing ones.
- B. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- C. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- D. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
- E. Because you cannot add newvalues, update one of the existing lookup codes to what the client wants it to be.
Answer: C
NEW QUESTION 56
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
- A. Review control assessment results, along with any effectiveness issues found.
- B. Provide self-service access to reporting and analysis against financial transactions.
- C. Continuously monitor financial transactions and role-based remediation of transaction incidents.
- D. Conduct intuitive audits of general ledger balances with journal details.
- E. Gain real-time access to live financial data and proactively resolve issues.
- F. Review and approve the accuracy and completeness of control descriptions.
Answer: C,F
NEW QUESTION 57
Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)
- A. Create object data import templates.
- B. Set "object-perspective" association.
- C. Choose display (or hide)configurable options for: results, events, consequences and treatments.
- D. Edit the assessment activity question and guidance text for all assessment types.
- E. Viewassessment response details for all assessment types.
Answer: B,C,E
NEW QUESTION 58
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