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1. Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?
A) Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
B) Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
C) Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
D) Use both Region and Business Process hierarchies solely for reporting purposes.
2. Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)
A) The "Payables Invoice" object's "Supplier ID" does not equal itself.
B) The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
C) The "Payables Invoice" object's "Invoice Amount" is equal to itself.
D) The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
E) The "Payables Invoice" object's "Invoice Number" is equal to itself.
3. 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 Control Perspectives are not linked to the control.
B) The Result Management Perspective Assignment has not been linked.
C) Worklist assignment does not include the business owner.
D) The underlying model is not linked to Order to Cash.
E) The business owner was recently assigned the role and the worklist needs to be refreshed.
4. 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 Create Perspectives screen
B) The Import template
C) The Manage Module Perspectives screen
D) The Create Control screen
E) The Manage Object Perspectives screen
5. A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
A) The Control Reviewer role has been assigned to some users.
B) This user is not a Control Approver; therefore, the status will be "In Review."
C) New controls must always be reviewed, irrespective of security configuration.
D) The Control Approver role has been assigned to some users.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C,E | Question # 3 Answer: E | Question # 4 Answer: E | Question # 5 Answer: B |
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