Question 1

You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

Options :

A : Identify the type of assessments included in each assessment cycle.

B : Understand the sample size for each audit test.

C : Determine if control assessments are planned ahead of time or are run impromptu.

D : Determine the main objectives of deploying the control.

E : Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow

Answer: A,B,C

Question 2

You completed the data migration successfully. You created 100 controls, an Organization Perspective, andrelationship of controls to the Organization Perspective. All controls are related to one perspective item. TheControl Manager logs in to the application to view the new controls, yet there are none available for his or herreview.Identify three reasons for this. (Choose three.)

Options :

A : The Control Manager was not given the correct data security policy to access the controls.

B : The Perspective Hierarchy was not associated to the Control Object.

C : There was no Control Type associated with the controls.

D : The Perspective Hierarchy is not in the Approved state.

E : No risks were mapped to the imported controls.

Answer: A,C

Question 3

You are remediating access incidents in Advanced Access Controls (AAC), and have just completed theremediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting accessfrom the users.What status do you set for the incident in AAC?

Options :

A : Resolved

B : Remediation

C : Remedy

D : Authorized

E : Accepted

Answer: B

Question 4

You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if youcan add controls for these risks.Which two statements are true? (Choose two.)

Options :

A : To relate controls to risks, the risks must be in “approved” state.

B : You cannot use the Data Migration tool to add control records to map to existing risks.

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 can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

Answer: C,D

Question 5

Your client is configuring their Test pod (which has no data) and has created their initial import template withcontrols, test plans, perspectives, and perspective-control mappings. They have used custom list of values forControl Frequency.Which three tasks must be completed before performing the data import? (Choose three.)

Options :

A : Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

B : Validate that the control-perspective relationship has been created in Manage Module Perspectives.

C : Validate that new lookup values are created for any custom list of values.

D : Validate that there are no duplicate worksheet IDs within the same worksheet.

E : Validate that the System ID column is populated correctly.

Answer: A,C

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