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Oracle Risk Management Cloud 2018 Sample Questions:
1. 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, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
C) You cannot use the Data Migration tool to add control records to map to existing risks.
D) You can use the Data Migration tool to add control records for the existing risks.
E) To relate controls to risks, the risks must be in "approved" state.
2. After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file?
(Choose three.)
A) Click the Export File button.
B) Open with an HTML editor.
C) Click the Item Results link.
D) Navigate to Monitor Jobs and click the message link for the export job.
E) Open with an XML editor, such as Excel.
3. 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 Result Management Perspective Assignment has not been linked.
B) The underlying model is not linked to Order to Cash.
C) The Control Perspectives are not linked to the control.
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.
4. You are implementing Advanced Access Controls 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) 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.
B) Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
C) 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.
D) 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.
E) 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.
5. At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?
A) Modify the perspective hierarchy in the last step of initiating assessments.
B) Modify the participant list in the last step of initiating assessments.
C) It is not possible to change the participants after Data Security Policies are assigned.
D) Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
E) Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
Solutions:
Question # 1 Answer: B,D | Question # 2 Answer: A,D,E | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |