Question 1

You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. Afterrefining their business requirements, your client wants to expand the existing hierarchy to include 150perspective items in various levels. For efficient processing, you decide to use the GRC data migration featureto import the new items.Which three are valid processing steps required to define the export file? (Choose three.)

Options :

A : Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

B : Generate Template as Without Data.

C : Navigate to Manage Module Perspectives.

D : Generate Template as Without Data – Perspectives Only.

E : Click the Create Import Template button.

Answer: A,B,C

Question 2

You completed the data migration successfully. You created 100 controls, an Organization Perspective, andrelationship of controls to the Organization Perspective. All controls are related to one perspective item. TheControl Manager logs in to the application to view the new controls, yet there are none available for his or herreview.Identify three reasons for this. (Choose three.)

Options :

A : The Control Manager was not given the correct data security policy to access the controls.

B : The Perspective Hierarchy was not associated to the Control Object.

C : There was no Control Type associated with the controls.

D : The Perspective Hierarchy is not in the Approved state.

E : No risks were mapped to the imported controls.

Answer: A,C

Question 3

How do you add values to a Risk Type list of values?

Options :

A : Populate the Import template with the new values in the Issue Severity column on the Controls tab.

B : Add the lookup codes to the GRC_RISK_TYPE Lookup Type.

C : Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.

D : Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.

E : Use the default lookup codes because there is no way to update the existing ones.

Answer: D

Question 4

Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

Options :

A : Large scope of project requires high effort for maintenance and administration.

B : It promotes rapid implementation and go-live.

C : It promotes go-live with minimal acceptance testing and user training.

D : It provides maximum return on investment with minimum project risk.

E : It promotes successful adoption and minimizes on-going cost of operation.

Answer: A,B,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 1Z0-1058-25 Mock Exam – Practice Online Confidently

Buying Options: