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• For an incident to be automatically assigned a status of “Closed,” it must be resolved within the Fusion Cloud system. This is confirmed by a subsequent evaluation of controls that verifies the incident no longer exists.
• Similarly, if the incident is resolved using simulation within Advanced Access Controls (AAC), and a subsequent evaluation confirms the absence of the incident, it will also be automatically closed.

References:The information is based on Oracle’s documentation, which states that the actual resolution of incidents occurs outside of Oracle Fusion Cloud Advanced Controls. For example, resolving a purchase order in the Financials application or revising role assignments due to a separation-of-duties conflict can lead to the closure of an incident1. Additionally, closed incidents that are reopened through a request in Advanced Access Requests are assigned the Accepted status, indicating that the closure of incidents is tied to their resolution1.

1: Incident Status and State - Oracle Documentation

When a new control is added in Oracle Financial Reporting Compliance and the control owner clicks Submit, the control’s state changes to reflect the stage the record has reached in its workflow. Since users with the Control Reviewer and Control Approver roles exist, the expected outcome is that the control goes into the “Waiting for Approval” state. This state indicates that the control is pending review and approval by the designated users with the appropriate roles.

References:

• State and Status of Records in Financial Reporting Compliance1.
• Overview of Oracle Financial Reporting Compliance2.

• Identify Responsible Users for Perspectives: Determine the individuals or teams who will have the authority and responsibility to create and manage perspectives. This includes setting up the perspectives and ensuring they are aligned with the organization’s reporting and security requirements1.
• Identify Responsible Users for Controls/Risks: Establish who will be responsible for the creation and ongoing management of controls and risks within the system. This ensures that there is accountability and that these elements are kept up-to-date with the organization’s needs2.

References: For the official and verified answer, please refer to the Oracle Risk Management documentation on their website, specifically the sections discussing post go-live activities and the management of perspectives and security3142.

Once the remediation of a segregation of duties conflict is completed in Fusion Security by removing the conflicting access from the users, the status of the incident in Advanced Access Controls (AAC) should be set to “Resolved”. This indicates that the necessary actions have been taken to address the incident and no further immediate action is required. The “Resolved” status is used to signify that the incident has been dealt with and the conflict has been eliminated.

References:The information is verified and aligned with the Oracle Risk Management documentation, which details the incident statuses and states within the AAC1.