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NEW QUESTION 10
You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. Whenthe customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
- A. The Controls were not related to any risk objects.
- B. The Control Method was not set to a valid value.
- C. Data security policies for Controls were not created.
- D. The parent process was never approved.
Answer: B
NEW QUESTION 11
You have two segregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either theinvoice creation pages or the payment creation pages, but not both.
How must these requirements be met in Advanced Access Controls?
- A. Construct one model: "Create Supplier & Create Invoice & Create Payment"
- B. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment"
- C. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment" - D. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and"Create Payment" - E. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment"
Answer: A
NEW QUESTION 12
You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters thatidentify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
- A. The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
- B. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "ExpenseReport Credit Card Transaction" object's "Transaction Date" attribute.
- C. The "Expense Report Credit Card Transaction"object's "Transaction Date" attribute is not blank.
- D. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
Answer: A
NEW QUESTION 13
Which two options can be assigned to a duty role? (Choose two.)
- A. Job Role
- B. DataSecurity Policy
- C. Abstract Role
- D. Functional Security Policy
Answer: B,D
NEW QUESTION 14
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 users who will perform control review and approval.
- B. Identify the organizations or business units for which users will perform review orapproval.
- C. Identify the other roles to be provided for control managers.
- D. On the Controls tab of the Import template, set the control state to NEW for each control record.
Answer: A,B
NEW QUESTION 15
When validating imported data, the control manager at your client has identified an incorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A. What needs to be done to fix the mapping?
- A. Option D
- B. Option B
- C. Option A
- D. Option C
Answer: B
NEW QUESTION 16
You have scheduled quarterly assessments for a Control object at the beginning of the year with futuredates.
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 scheduled assessment process will end in error.
- C. The assessment will be associated with the version of the test plans from the time of assessment initiation.
- D. The user will have the option to select the older or newer versions of the test plans during the assessment process.
Answer: C
NEW QUESTION 17
Which three statements are true about the purpose of perspectives? (Choose three.)
- A. Perspectives can be used to represent regional hierarchies.
- B. Perspectives enable functional security in Financial Reporting Compliance.
- C. Perspectives can be used to define user privileges.
- D. Perspectives are used to enable data security on Financial Reporting Compliance objects.
- E. Perspectives can be used for categorizing Financial Reporting Compliance objects.
Answer: A,B,D
NEW QUESTION 18
You are validating your customer's import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?
- A. The Control comment filed has a notation for "Audit Test."
- B. The Control status filed is set to "Audit Test."
- C. The Assessment Flag and the Audit Testing Flag are both set to "Y."
- D. The Control has a related process.
Answer: D
NEW QUESTION 19
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. Controls 1, 2, and 4
- B. All controls
- C. Controls 2 and 4
- D. None
- E. Controls 1 and 2
Answer: E
NEW QUESTION 20
How do youassociate a risk to a control?
- A. In the related object section of process definition, add the control tothe risk.
- B. On the Related Controls tab of risk definition, add the control.
- C. To associate a control to a risk, the control needs to be in the Review state.
- D. On the Related Objects tab of control definition, add the risk.
- E. The only way to create risk-control associations is through data import.
Answer: B
NEW QUESTION 21
During implementation, you created a Financial ReportingCompliance 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 application will not allow a user to both create users and assign them roles.
- B. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
- C. The superuser's account is inactive and his or her account needs to be activated.
- D. The superuser's account is created but the synchronization jobs have not been run.
Answer: D
NEW QUESTION 22
During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?
- A. The risk and control objects are inactive and need to be made active.
- B. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
- C. The Risk Owner account is inactive.
- D. The Risk Owner role does not have the rightprivileges.
Answer: D
NEW QUESTION 23
You are designing data for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)
- A. Perspective-Control
- B. Control Test Plans
- C. Controls
- D. Perspective Items
Answer: B,C,D
Explanation:
Explanation
References:
NEW QUESTION 24
You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where thedelivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?
- A. 1, 3, 2
- B. 2, 1, 3
- C. 3, 2, 1
- D. 2, 3, 1
- E. 1, 2, 3
Answer: E
NEW QUESTION 25
You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will beanalyzed?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 26
You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
- A. Both R100 and C100 will be in the "In Review" state.
- B. Both R100 and C100 will be in the "Approved" state.
- C. BothR100 and C100 will be in the "New" state.
- D. Both R100 and C100 will be in the "Awaiting Approval" state.
Answer: D
NEW QUESTION 27
Whichthree objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)
- A. Risks
- B. Controls
- C. Processes
- D. Perspectives
- E. Test Plans
- F. Assessments
Answer: A,B,C
NEW QUESTION 28
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 Controlmethod field.
- D. Use Lookup Code of the new lookup value.
Answer: C
NEW QUESTION 29
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