1. What is the purpose of the SAP GRC in any organization?
The following are the few benefits of the SAP GRC in any organization:
- The SAP GRC enables the organizations to manage regulations, compliance and also removes any risk while managing the key operations.
- As per the growing market, companies are looking for changes to improve their outcome. To achieve this they need to change their documents more often, and spreadsheet with the help of SAP GRC.
2. Mention the different activities that you can perform in the SAP GRC?
With the help of the SAP, GRC organizations can perform the following activities such as;
- Provides easy integration of GRC activities into already existing solutions and also automates the key activities.
- SAP GRC is comparatively less complex to handle and also manages the risk efficiently.
- Improves the risk management activities.
- Also helps to reduce fraud activities and perform audit management effectively.
- Organizations perform better activities and also enable companies to protect their values.
- SAP GRC activities consist of three main area solutions such as analyze, manage, and monitor.
3. What are the different GRC modules that you have worked on?
Below are the different GRC modules they are;
- SAP GRC Access control
- SAP GRC process control
- SAP GRC risk management
- SAP GRC Audit management
- SAP GRC fraud management
- SAP GRC Global trade services
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4. What are the key activities that can be performed under SAP GRC access control?
Below are key activities that can be performed under SAP GRC access control;
- Helps to mitigate the risks in the organizations.
- It is required to perform risk control as a part of compliances and regulation practice.
- With the help of SAP GRC, access control responsibilities can be defined properly, manages roles provisioning, and also manage the access for super users to manage the critical risks.
5. How process control is different from access control in SAP GRC?
SAP GRC is mainly used to monitor the tasks and report them in real-time, also you can generate the compliance status of controls in place as per the business processes and align business processes to perform risk preventions and mitigations.
6. What is the use of SAP GRC risk management?
The SAP GRC risk management allows you to manage risk-related activities. It also enables organizations to prepare advanced plannings to identify risks in business and also implements measures to manage risk
and allows you to make better decisions to improve the business activities.
7. What are the various types of risks?
The following are the major risk types;
- Operational risk
- Strategic risk
- Compliance risk
- Financial risk
8. What is SAP GRC Audit management?
The SAP GRC audit management is used to improve the audit management process in an organization by documenting artifacts, work papers organizations, and also managing audit report creation. It also enables you to easily integrate with other GRC (governance, rules, and compliance) solutions and also enables organizations to align audit management policies with business goals.
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9. What are the key capabilities of a fraud management module
The below are key capabilities of a fraud management module:
- Enables easy investigation and fraud case documentation.
- Increases the system alerts and responsiveness to reduce fraudulent activities to happen more frequently in the future.
- Easy scanning of high volumes of transactions and business data.
10. What is Global Trade service?
The SAP GRC Global trade service helps organizations to enhance cross-border supply within the limits of international trade management. It also reduces the penalty of risks from international trade regulation activities. It also provides the centralized global trade management process with a single repository for all the compliance master data management.
11. Is it possible to lock all the users at the same time in the SAP System?
Yes; by using the transaction code: EWZ5.
12. What do you mean by authorization object and authorization object class?
The authorization object in the SAP GRC is a group of authorization fields that are used to regulate the activities in the SAP system. The objects that come under the authorization class and also grouped by different functional areas such as Finance, accounting, etc.
13. What is UME and how does it work?
UME stands for user management engine. when a user does not have access to a certain tab this causes the tab will not display upon users logon when the user tries to access that tab. To avoid such a situation UME action for a tab is assigned to that particular user, then only the user can able to access that function.
All the available standard UME actions for CC tabs can be found in the tab namely “Assigned actions” of that admin users.
14. What are CC roles can be created at a time of implementation?
CC.reporting View: this is a compliance calibrator display and reporting.
CC.RuleMaintenance: this is a compliance calibrator rule maintenance.
CC.MitMaintenance: this is a compliance calibrator mitigation maintenance.
CC.Administration: this is a compliance calibrator administration and basis configurations.
15. How do you perform user authorization in the SAP system using GRC access control?
The SAP GRC access control uses UME (user management engine) to control the user authorization in the system. SAP GRC also enables administrators to make use of actions that represent the smallest entity of the UME role that a user can use to build the access rights.
One UME can contain actions from one or more system applications. So to maintain the user authorizations, you need to assign UME roles to the users in the UME (user management engine).
16. What is risk analysis and remediation under access control?
In the SAP GRC access control, risk analysis, and remediation are used to perform security audits and segregation of duties (SoD) analysis. It is a tool that can be used to identify, analyze, resolve risks, and audit the issues that are linked to regulatory compliances.
17. What are the key activities that process control performs with access control in GRC?
Access control and process control share the compliance structure as follows;
- In process control solution, controls are used as a mitigation control whereas in access control solution control comes under SAP GRC 10.0 solution.
- Both access control and process control share the same organization.
- In process control, processes are used as a business process in access control solutions.
- Both the access control and process control solutions are integrated with the access risk analysis to monitor the segregation of SoD duties.
18. What are the different process control areas that are shared with risk management?
Below are the different process control areas that are shared with risk management:
- GRC Role assignment
- Process control planner
- Risk management planner
- Central delegation
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19. What is IAM internal audit management?
Internal audit management allows users to process the information risk management and process control to use it in audit planning. Audit proposal can be transferred to audit the management for processing when it is required and also audits the items that are used to generate issues for reporting. The main purpose of using IAM is to perform complete audit planning, create audit items, define the audit universe, view audit reports, and issues.
20. What are the different activities that can be performed under IAM?
In IAM users can perform the following activities they are;
- Audit universe that contains auditable entities.
- Audit risk rating
- Audit planning to define the procedure for audit compliance.
- Audit issues from audit actions.
- Audit reports seeing what risks are there on auditable entities.
21. What is an Audit universe?
An audit universe in the SAP GRC consists of the audit entities which can be classified as business units, Labs, or government departments. Audit entities define the audit planning strategy, they are linked to process control and risk management to find risks, controls, etc
22. What are the different phases in GRC risk management?
There are various phases in GRC risk management:
- Risk recognition.
- Rule building and validation
- Continuous compliances
23. What are the different phases under risk management in GRC?
- Risk recognition
- Rule building and validations
- Effective governances.
24. What are the different reports that come under Process control?
While under the compliance section, you can create the following reports they are;
- Evaluation status dashboard:
This report shows a high-level picture of the overall status of corporate compliance throughout the different business entities, provides analytics, and drill-down capabilities to view the data on different levels and dimensions.
- Survey results:
Helps you to display the result of surveys.
It provides comprehensive information on master data, evaluation, and remediation activities for subprocesses and controls.
25. What is rule building and validation under risk management?
- Reference the best practices rules for the environment.
- Validating the rules.
- Customize rules and tests.
- Verify against test users and role bases.
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26. How do you perform risk classification? What is the difference between low, medium, and high-risk classification?
Risks should be classified according to the company policy. There are various risk classifications that you can define as per the risk priority and company policy:
- Critical: here the critical classification is done for the risks that contain the company’s critical assets that are very likely to be compromised by fraud or system disruption.
- High: it includes physical or monetary loss or system-wide disruptions such as fraud, loss of any asset, or failure of the system.
- Medium: it includes multiple system disruptions like including master data in the system.
- Low: this includes risk where the productivity losses or system failure compromised by fraud or system disruptions and loss is minimum.
27. You have created a custom role methodology for your firefight-related security roles. However, when you create a specific firefight-related security role, the expected methodology is not applied. What would be the reason?
The BRFplus decision table does not contain the appropriate conditions.
28. What are the key capabilities that you can perform using superuser privilege management?
- You can allow the superuser to perform emergency activities within a controlled and auditable environment.
- Using superuser you can report all the user activities accessing higher authorization privileges.
- You can generate the audit trail, which can be used to document reasons for using higher access privileges.
- This Audit trail can be used for SOX compliance.
29. How do you check the superuser log?
By using this T-code: transaction: /n/VIRSA/ZVFAT_V01.
30. What are the key advantages of using Global trade services?
Below are the key advantages of using Global trade services.
- It helps in reducing the cost and effort of managing the compliance for global trading.
- It can ease time-consuming manual tasks and helps in improving productivity.
- Reduce the penalties for trade compliance violations.
- It helps you to create and improve the brand and image and also avoid trade with sanctioned or denied parties.
- Guarantees better customer satisfaction and also improve the quality of services.
- It fastens the inbound as well outbound processes by performing customs clearance and also helps in removing unnecessary delays.
Once you have learned these above-mentioned important SAP GRC interview questions and answers, this means that you are all set to crack any top companies' SAP GRC interviews. The top companies are showing keen interest to hire SAP GRC professionals because of the rapid growth of the tech market and upgradation. SAP GRC professionals are considered to be important in any organization to maintain the company rules and policies. As per indeed.com, the average salary for the GRC professional earns Rs. 8,50, 000 and an experienced professional earns Rs. 15, 00, 000.
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