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1. 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) Access Point and User Business Object
B) Access Entitlement
C) Access Point and Fusion Access Condition
D) Access Point
E) Fusion Access Condition
2. 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 can use the Data Migration tool to add control records for the 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 cannot use the Data Migration tool to add control records to map to 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.
3. You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
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 user will have the option to select the older or newer versions of the test plans during the assessment process.
C) The assessment will be associated with the version of the test plans from the time of assessment initiation.
D) The scheduled assessment process will end in error.
4. 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 the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?
A) 2, 1, 3
B) 1, 2, 3
C) 2, 3, 1
D) 3, 2, 1
E) 1, 3, 2
5. You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)
A) Determine if control assessments are planned ahead of time or are run impromptu.
B) Identify the type of assessments included in each assessment cycle.
C) Understand the sample size for each audit test.
D) Determine the main objectives of deploying the control.
E) Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A,B,E |
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