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| Section | Weight | Objectives |
|---|---|---|
| Transaction Controls | 20-25% | - Transaction Monitoring
|
| Reporting and Administration | 5-10% | - System Management
|
| Risk Management Cloud Overview | 10-15% | - Risk Management Cloud Architecture
|
| User Access Certification | 10-15% | - Certification Campaigns
|
| Financial Reporting Compliance | 20-25% | - Controls and Certifications
|
| Advanced Access Controls | 25-30% | - Access Models
|
1. Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)
A) In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
B) In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
C) Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
D) Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
E) In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
2. You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?
A) The updated test plans will become available during the assessment.
B) The user will have the option to select the older or newer versions of the test plans during the assessment process.
C) The assessment will be associated with the version of the test plans from the time of assessment initiation.
D) The scheduled assessment process will end in error.
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?
A) You can relate a new process and a new control.
B) You can relate only an existing control, but not a new control.
C) You can relate only control objects.
D) You can relate only process objects.
4. Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
A) Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
B) Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
C) Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
D) Identify users who will be responsible for creating and maintaining controls and/or risks.
5. Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?
A) Seeded Issue Manager Composite
B) Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
C) Seeded Risk Issue Manager and Control Issue Manager
D) Seeded Issue Manager Composite and Issue Validator Composite
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B,D | Question # 5 Answer: B |
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