Oracle Risk Management Cloud 2018 Sample Questions:

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

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

A) The Perspective Hierarchy was not associated to the Control Object.
B) No risks were mapped to the imported controls.
C) The Control Manager was not given the correct data security policy to access the controls.
D) The Perspective Hierarchy is not in the Approved state.
E) There was no Control Type associated with the controls.

3. What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?

A) The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
B) The incident is copied and a new incident is created based on the original incident.
C) The incident is deferred.
D) The incident remains in "Closed" status and additional remedial action cannot be taken.
E) The incident status changes to "Assigned."

4. How do you populate the Control Method field with a new custom value, such as a third-party application'?

A) Use Lookup Code of the new lookup value.
B) Enter the new value directly in the Control method field.
C) Use Lookup Meaning of the new lookup value.
D) Use Lookup Type of the new lookup value.

5. Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)

A) Validate that the control-perspective relationship has been created in Manage Module Perspectives.
B) Validate that there are no duplicate worksheet IDs within the same worksheet.
C) Validate that the System ID column is populated correctly.
D) Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
E) Validate that new lookup values are created for any custom list of values.

Solutions: