Oracle Risk Management Cloud 2018 Sample Questions:

1. 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. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?

A) The parent process was never approved.
B) The Control Method was not set to a valid value.
C) The Controls were not related to any risk objects.
D) Data security policies for Controls were not created.

2. 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 and include the two controls as part of the same assessment.
C) Initiate a planned assessment that includes all controls assigned to perspective P2P.
D) Enable impromptu assessments during configuration of module objects.
E) Perform impromptu assessments for the two controls.

3. You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

A) Fusion Access Condition
B) Access Point and User Business Object
C) Access Point and Fusion Access Condition
D) Access Entitlement
E) Access Point

4. 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) You cannot use the Data Migration tool to add control records to map to existing risks.
B) You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
C) To relate controls to risks, the risks must be in "approved" state.
D) You can use the Data Migration tool to add control records for the existing risks.
E) To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

5. Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?

A) Seeded Risk Issue Manager and Control Issue Manager
B) Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
C) Seeded Issue Manager Composite and Issue Validator Composite
D) Seeded Issue Manager Composite

Solutions: