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NEW QUESTION 28
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
- A. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- B. Configure Module Objects > Edit Control Object Configuration > Result = Show
- C. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- D. Configure Module Objects > Edit Risk Object Configuration >Result = Show
- E. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
Answer: B
NEW QUESTION 29
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 inactive and his or her account needs to be activated.
- C. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
- D. The superuser's account is created but the synchronization jobs have not been run.
Answer: D
NEW QUESTION 30
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
- A. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
- C. One job will run for the two objects based ontransactions dated before the Transaction Created As of Date.
- D. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
Answer: D
NEW QUESTION 31
You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements:
* Incident results can be viewed by Department
* Groups of investigators receive assigned incidents based on Department
* Must ensure systematically that no incident is unassigned to an investigator Which three must be configured to support these requirements? (Choose three.)
- A. Worklist assignment Result Investigator should be set to specific users.
- B. Worklist assignment Result Investigator should be set to "All Eligible Users"
- C. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
- D. Custom perspective for Department linked to the Results object with Required set to "No"
- E. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only.
- F. Custom perspective for Department linked to the Results object with Required set to "Yes"
Answer: A,B,C
NEW QUESTION 32
Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which twostandard filters can be combined to accomplish this? (Choose two.)
- A. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
- B. The "Payables Invoice" object's "Invoice Number" is equal to itself.
- C. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
- D. The "Payables Invoice" object's "Invoice Amount" is equal to itself.
- E. The "Payables Invoice" object's "Supplier ID" does not equal itself.
Answer: C,E
NEW QUESTION 33
You areimplementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
Afterthe seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)
- A. Access Control Manager
- B. Access incident Results Manager
- C. Application Data Source Manager
- D. Access Model Manager
- E. Advanced Control System Administrator
Answer: B,D
NEW QUESTION 34
You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?
- A. Remediation
- B. Accepted
- C. Resolved
- D. Remedy
- E. Authorized
Answer: A
NEW QUESTION 35
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 other roles to be provided for control managers.
- B. On the Controls tab of the Import template, set the control state to NEW for each control record.
- C. Identify the organizations or business units for which users will perform review orapproval.
- D. Identify users who will perform control review and approval.
Answer: C,D
NEW QUESTION 36
Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)
- A. Option C
- B. Option A
- C. Option E
- D. Option B
- E. Option D
Answer: B,E
NEW QUESTION 37
You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
- A. Model
- B. Filter
- C. Template
- D. Control
- E. Business object
Answer: A
NEW QUESTION 38
You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or hersecurity configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager DataSecurity Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)
- A. Add to the EMEA P2PControl Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- B. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- C. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
- D. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
Answer: A,B
NEW QUESTION 39
When you view or edit a transaction incident, you may seeextra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Between (when using a date attribute)
- B. Not in
- C. Average Function
- D. Equals (when the same attribute is used on both sides of the condition)
- E. Similar
Answer: A,B,C
NEW QUESTION 40
You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will youmeet this requirement?
- A. Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.
- B. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
- C. Ensure that no user has been assigned a job role that includes theRisk Reviewer Composite or Risk Approver Composite Duty Role.
- D. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
Answer: B
NEW QUESTION 41
How do youassociate a risk to a control?
- A. To associate a control to a risk, the control needs to be in the Review state.
- B. The only way to create risk-control associations is through data import.
- C. In the related object section of process definition, add the control tothe risk.
- D. On the Related Objects tab of control definition, add the risk.
- E. On the Related Controls tab of risk definition, add the control.
Answer: E
NEW QUESTION 42
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 controls and/or risks.
- B. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
- C. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
- D. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
Answer: B,D
NEW QUESTION 43
Which statement related to Advanced Access Controls is true?
- A. If helps enforce segregation of duties.
- B. It analyzes transaction records.
- C. If helpsperform risk analysis and evaluation.
- D. It documents risks and controls.
Answer: A
NEW QUESTION 44
Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)
- A. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
- B. A user sets the State of the incident to "Remediate".
- C. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
- D. A user sets the Status of the incident to "Resolved".
- E. The incident is resolved inFusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
Answer: B,E
NEW QUESTION 45
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 Owner account is inactive.
- C. The Risk Owner role does not have the rightprivileges.
- D. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
Answer: C
NEW QUESTION 46
You are helping your client identify and define their controls. Youhave 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 Module Perspectives screen
- B. The Create Control screen
- C. The Manage Object Perspectives screen
- D. The Create Perspectives screen
- E. TheImport template
Answer: D
NEW QUESTION 47
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 process objects.
- C. You can relate only an existing control, but not a new control.
- D. You can relate only control objects.
Answer: A
NEW QUESTION 48
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)
- A. Provide self-service access to reporting and analysis against financial transactions.
- B. Conduct intuitive audits of general ledger balances with journal details.
- C. Gain real-time access to live financial data and proactively resolve issues.
- D. Review control assessment results, along with any effectiveness issues found.
- E. Review and approve the accuracy and completeness of control descriptions.
- F. Continuously monitor financial transactions and role-based remediation of transaction incidents.
Answer: E,F
NEW QUESTION 49
A user has created and submitted a new control and the state of the control is "In Review." The userexpected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Approver role has been assigned to some users.
- B. New controls must always be reviewed, irrespective of security configuration.
- C. This user is not a Control Approver; therefore, the status will be "In Review."
- D. The Control Reviewer role has been assigned to someusers.
Answer: C
NEW QUESTION 50
You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)
- A. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
- B. You cannot use the Data Migration tool to add control records to map to existing risks.
- C. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- D. To relate controls to risks, the risks must be in"approved" state.
- E. You can use the Data Migration tool to add control records for the existing risks.
Answer: A,E
NEW QUESTION 51
Your client is configuring their Test pod (which has no data) and has created their initial importtemplate with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)
- A. Validate that new lookup values are created for any custom list of values.
- B. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
- C. Validate that there are no duplicate worksheet IDs within the same worksheet.
- D. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
- E. Validate that the System ID column is populated correctly.
Answer: A,D,E
NEW QUESTION 52
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