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| Section | Weight | Objectives |
|---|---|---|
| Advanced Controls Configuration | 25% | - Configure access controls - Define filters, functions and patterns - Configure financial controls - Manage results and incidents |
| Financial Reporting Compliance Configuration | 25% | - Initial environment setup - Manage lookups and flexfields - Configure module objects - Data migration and import/export |
| Assessments, Issues and Reporting | 15% | - Track and resolve issues - Generate reports and dashboards - Monitor compliance and controls - Create and manage assessments |
| Risk Management Implementation Requirements | 15% | - Identify key use cases - Overview of Oracle Risk Management Cloud - Plan security and configuration - Gather implementation requirements |
| Security and Access Management | 20% | - Audit and review security - Define job, duty and data roles - Assign users and roles - Security requirements and model |
1. 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) Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
B) Modify the perspective hierarchy in the last step of initiating assessments.
C) It is not possible to change the participants after Data Security Policies are assigned.
D) Modify the participant list in the last step of initiating assessments.
E) Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
2. How do you add values to a Risk Type list of values?
A) Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
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 GRC_RISK_TYPE Lookup Type.
D) Use the default lookup codes because there is no way to update the existing ones.
E) Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.
3. You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager Data Security Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)
A) While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
B) Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
C) Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
D) Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
4. Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now.
How can this be accomplished?
A) On the Manage Assessments page, the assessor can select the assessment and click the Reopen button.He or she can then attach the document and resubmit the assessment.
B) On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.
C) The assessor can request the reviewer to attach the document during the review.
D) The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.
5. How do you populate the Control Method field with a new custom value, such as a third-party application'?
A) Use Lookup Meaning of the new lookup value.
B) Use Lookup Type of the new lookup value.
C) Enter the new value directly in the Control method field.
D) Use Lookup Code of the new lookup value.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,B | Question # 4 Answer: A | Question # 5 Answer: D |
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