Question 1

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and isreviewing Prior Results.Which statement is true about viewing Prior Results for this control?

Options :

A : He or she will be able to review results of all prior assessments of all types for this control.

B : He or she will be able to review results of all prior Audit tests and operational assessments for this control.

C : He or she will be able to review only results of prior operational assessments for this control.

D : He or she will be able to review results of all prior operational assessments for all controls.

E : He or she will be able to review results of all prior assessments of all types for all controls.

Answer: B

Question 2

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.)

Options :

A : Identify the type of assessments included in each assessment cycle.

B : Understand the sample size for each audit test.

C : Determine if control assessments are planned ahead of time or are run impromptu.

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

Answer: A,B,C

Question 3

You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if youcan add controls for these risks.Which two statements are true? (Choose two.)

Options :

A : To relate controls to risks, the risks must be in “approved” state.

B : You cannot use the Data Migration tool to add control records to map to existing risks.

C : You can use the Data Migration tool to add control records for the existing risks.

D : To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

E : You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

Answer: C,D

Question 4

Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?

Options :

A : Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “Equals” condition for values that include taxi, car, mileage

B : Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

C : Inclusive function filter grouped by the “Expense Report Information” object’s “Person” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage

D : Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

Answer: D

Question 5

You are implementing Advanced Financial Controls and you want to identify suspect transactions where thepayment 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?

Options :

A : Template

B : Control

C : Model

D : Filter

E : Business object

Answer: C

Free 1D0-1058-25-D Mock Exam – Practice Online Confidently

Buying Options: