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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)
A) Identify the organizations or business units for which users will perform review or approval.
B) On the Controls tab of the Import template, set the control state to NEW for each control record.
C) Identify the other roles to be provided for control managers.
D) Identify users who will perform control review and approval.
2. Howdo you add values to a Risk Type list of values?
A) Because you cannot add new values, updateone of the existing lookup codes to what the client wants it to be.
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) Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
3. 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.)
A) Understand the sample size for each audit test.
B) Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
C) Determine the main objectives of deploying the control.
D) Determine if control assessments are planned ahead of time or are run impromptu.
E) Identify the type of assessments included in each assessment cycle.
4. Which statement related to Advanced Access Controls is true?
A) If helps perform risk analysis and evaluation.
B) Itdocuments risks and controls.
C) It analyzes transaction records.
D) If helps enforce segregation of duties.
5. Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?
A) Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
B) Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the
"Expense Type" has an "In" condition for values that include taxi, car, mileage.
C) Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "In" condition for values that include taxi, car, mileage.
D) Inclusive function filter grouped by the "Expense Report Information" object's "Person" where the
"Expense Type" has an "In" condition for values that include taxi, car, mileage.
E) Inclusive function filter grouped by the "Expense Report Information" object's "Report Number" where the "Expense Type" has an "Equals" condition for values that include taxi, car, mileage.
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: E | Question # 3 Answer: A,B,D | Question # 4 Answer: D | Question # 5 Answer: C |
By Alvin
