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Oracle Risk Management Cloud 2018 Sample Questions:
1. During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT Security Manager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?
A) The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
B) The superuser's account is inactive and his or her account needs to be activated.
C) The application will not allow a user to both create users and assign them roles.
D) The superuser's account is created but the synchronization jobs have not been run.
2. Which statement related to Advanced Access Controls is true?
A) If helps perform risk analysis and evaluation.
B) It analyzes transaction records.
C) It documents risks and controls.
D) If helps enforce segregation of duties.
3. Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
A) Review and approve the accuracy and completeness of control descriptions.
B) Gain real-time access to live financial data and proactively resolve issues.
C) Conduct intuitive audits of general ledger balances with journal details.
D) Continuously monitor financial transactions and role-based remediation of transaction incidents.
E) Provide self-service access to reporting and analysis against financial transactions.
F) Review control assessment results, along with any effectiveness issues found.
4. How do you add values to a Risk Type list of values?
A) Populate the Import template with the new values in the Issue Severity column on the Controls tab.
B) Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
C) Use the default lookup codes because there is no way to update the existing ones.
D) Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
E) Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.
5. You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?
A) Anomaly Detection
B) Mean
C) Absolute Deviation
D) Clustering
E) Pareto
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A,D | Question # 4 Answer: D | Question # 5 Answer: E |
By Allen
