Question 1

How do you populate the Control Method field with a new custom value, such as a third-party application’?

Options :

A : Enter the new value directly in the Control method field.

B : Use Lookup Meaning of the new lookup value.

C : Use Lookup Code of the new lookup value.

D : Use Lookup Type of the new lookup value.

Answer: A

Question 2

Which two options can be assigned to a duty role? (Choose two.)

Options :

A : Functional Security Policy

B : Abstract Role

C : Data Security Policy

D : Job Role

Answer: A,C

Question 3

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?

Options :

A : You can relate only process objects.

B : You can relate a new process and a new control.

C : You can relate only control objects.

D : You can relate only an existing control, but not a new control.

Answer: B

Question 4

Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

Options :

A : Large scope of project requires high effort for maintenance and administration.

B : It promotes rapid implementation and go-live.

C : It promotes go-live with minimal acceptance testing and user training.

D : It provides maximum return on investment with minimum project risk.

E : It promotes successful adoption and minimizes on-going cost of operation.

Answer: A,B,D

Question 5

The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. Theexisting test plan is associated only with the Design Review assessment type.How can this be accomplished?

Options :

A : The control manager should create a new test plan with Audit Test and Design Review as assessment types

B : The control’s test plan should be updated to include both Audit Test and Design Review as assessment types.

C : The control manager does not need to update the control because any initiated assessment will include all control test plans.

D : The control’s test plan should be updated to Audit Test as the assessment type.

Answer: B

Confidently Practice Online with Free 1D0-1058-26-D Exam Cram

Buying Options: