Question 1

Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risksand 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?

Options :

A : Seeded Issue Manager Composite and Issue Validator Composite

B : Seeded Risk Issue Manager and Control Issue Manager

C : Seeded Issue Manager Composite

D : Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

Answer: D

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

Your customer needs to conduct monthly Operational Effectiveness assessments for controls across twoorganizations (North America and EMEA). Your customer requires that assessment results for North Americabe accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officerreviews the assessment results by Business Process every week.How should you design perspectives to achieve this?

Options :

A : Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.

B : Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.

C : Use both Region and Business Process hierarchies solely for reporting purposes.

D : Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.

Answer: A

Question 4

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 5

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

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