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Oracle Risk Management Cloud 2018 Sample Questions:
1. The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)
A) Initiate two planned assessments, one for each control.
B) Initiate a planned assessment that includes all controls assigned to perspective P2P.
C) Perform impromptu assessments for the two controls.
D) Initiate a planned assessment and include the two controls as part of the same assessment.
E) Enable impromptu assessments during configuration of module objects.
2. The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?
A) The Result Management Perspective Assignment has not been linked.
B) Worklist assignment does not include the business owner.
C) The Control Perspectives are not linked to the control.
D) The business owner was recently assigned the role and the worklist needs to be refreshed.
E) The underlying model is not linked to Order to Cash.
3. You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
"Required" field to "yes" for the Control-Business Units association.
Where do you do this in the product?
A) The Manage Object Perspectives screen
B) The Import template
C) The Create Perspectives screen
D) The Manage Module Perspectives screen
E) The Create Control screen
4. 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.
5. Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
A) Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
B) Identify users who will be responsible for creating and maintaining controls and/or risks.
C) Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
D) Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
Solutions:
| Question # 1 Answer: A,B,E | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C,D |




