Question 1

You have completed the data import process with no errors. You created process, risks, controls, and oneperspective. Controls were related to perspectives. You have provided the customer with the Control Managersecurity role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see anycontrols.Which step was missed during the import process?

Options :

A : Data security policies for Controls were not created.

B : The Controls were not related to any risk objects.

C : The parent process was never approved.

D : The Control Method was not set to a valid value.

Answer: D

Question 2

You are remediating access incidents in Advanced Access Controls (AAC), and have just completed theremediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting accessfrom the users.What status do you set for the incident in AAC?

Options :

A : Resolved

B : Remediation

C : Remedy

D : Authorized

E : Accepted

Answer: B

Question 3

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 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

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