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NEW QUESTION 40
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

  • A. Gain real-time access to live financial data and proactively resolve issues.
  • B. Provide self-service access to reporting and analysis against financial transactions.
  • C. Continuously monitor financial transactions and role-based remediation of transaction incidents.
  • D. Review control assessment results, along with any effectiveness issues found.
  • E. Conduct intuitive audits of general ledger balances with journal details.
  • F. Review and approve the accuracy and completeness of control descriptions.

Answer: C,F

 

NEW QUESTION 41
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

  • A. It promotes successful adoption and minimizes on-going cost of operation.
  • B. It provides maximum return on investment with minimum project risk.
  • C. Large scope of project requires high effort for maintenance and administration.
  • D. It promotes rapid implementation and go-live.
  • E. It promotes go-live with minimal acceptance testing and user training.

Answer: A,B,D

 

NEW QUESTION 42
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. There was no Control Type associated with the controls.
  • B. The Perspective Hierarchy is not in the Approved state.
  • C. The Control Manager was not given the correct data security policy to access the controls.
  • D. No risks were mapped to the imported controls.
  • E. The Perspective Hierarchy was not associated to the Control Object.

Answer: A,C,D

 

NEW QUESTION 43
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