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Oracle Risk Management Cloud 2022 Implementation Professional Questions and Answers

Question 1

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 withminimum project risk.

E.

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

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Question 2

Your client has configured separate roles for control assessor and controlassessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now.

How can this be accomplished?

Options:

A.

The assessor can request the reviewer to attach the document during the review.

B.

On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.

C.

The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.

D.

On the Manage Assessments page, the assessor canselect the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.

Question 3

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.

E.

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.