1z0-1058-22 Certification – Valid Exam Dumps Questions Study Guide! (Updated 77 Questions)
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Oracle 1z0-1058-22 Exam Syllabus Topics:
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NEW QUESTION 19
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)
- A. Identify the other roles to be provided for control managers.
- B. Identify users who will perform control review and approval.
- C. Identify the organizations or business units for which users will perform review or approval.
- D. On the Controls tab of the Import template, set the control state to NEW for each control record.
Answer: B,C
NEW QUESTION 20
You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)
- A. Identify the type of assessments included in each assessment cycle.
- B. Understand the sample size for each audit test.
- C. Determine if control assessments are planned ahead of time or are run impromptu.
- D. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
- E. Determine the main objectives of deploying the control.
Answer: B,C,D
NEW QUESTION 21
Your client has configured separate roles for control assessor and control assessment 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?
- A. 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.
- B. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.
- C. The assessor can request the reviewer to attach the document during the review.
- D. 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.
Answer: B
NEW QUESTION 22
Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)
- A. Option D
- B. Option C
- C. Option E
- D. Option B
- E. Option A
Answer: A,E
NEW QUESTION 23
How do you associate a risk to a control?
- A. On the Related Objects tab of control definition, add the risk.
- B. On the Related Controls tab of risk definition, add the control.
- C. To associate a control to a risk, the control needs to be in the Review state.
- D. In the related object section of process definition, add the control to the risk.
- E. The only way to create risk-control associations is through data import.
Answer: B
NEW QUESTION 24
You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)
- A. You can use the Data Migration tool to add control records for the existing risks.
- B. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
- C. To relate controls to risks, the risks must be in "approved" state.
- D. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- E. You cannot use the Data Migration tool to add control records to map to existing risks.
Answer: A,B
NEW QUESTION 25
You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?
- A. Resolved
- B. Remediation
- C. Remedy
- D. Accepted
- E. Authorized
Answer: B
NEW QUESTION 26
Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)
- A. The "Payables Invoice" object's "Invoice Number" is equal to itself.
- B. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
- C. The "Payables Invoice" object's "Supplier ID" does not equal itself.
- D. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
- E. The "Payables Invoice" object's "Invoice Amount" is equal to itself.
Answer: C,D
NEW QUESTION 27
A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Reviewer role has been assigned to some users.
- B. New controls must always be reviewed, irrespective of security configuration.
- C. This user is not a Control Approver; therefore, the status will be "In Review."
- D. The Control Approver role has been assigned to some users.
Answer: C
NEW QUESTION 28
You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
Which three are valid processing steps required to define the export file? (Choose three.)
- A. Generate Template as Without Data - Perspectives Only.
- B. Generate Template as Without Data.
- C. Click the Create Import Template button.
- D. Navigate to Manage Module Perspectives.
- E. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
Answer: B,D,E
NEW QUESTION 29
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Code of the new lookup value.
- B. Use Lookup Meaning of the new lookup value.
- C. Enter the new value directly in the Control method field.
- D. Use Lookup Type of the new lookup value.
Answer: C
NEW QUESTION 30
Select three fields that are required to create an impromptu assessment. (Choose three.)
- A. Template
- B. Perspectives
- C. Activity
- D. Name
- E. Due Date
- F. Reviewer
Answer: A,D,E
NEW QUESTION 31
How do you add values to a Risk Type list of values?
- A. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- B. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- C. Use the default lookup codes because there is no way to update the existing ones.
- D. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
- E. Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.
Answer: A
NEW QUESTION 32
Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)
- A. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.
- B. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.
- C. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.
- D. Function filter grouping by "Taxpayer ID" where count is greater than 1.
- E. Function filter grouping by "Supplier ID" where count is greater than 1.
Answer: B,E
NEW QUESTION 33
You are designing data for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)
- A. Control Test Plans
- B. Controls
- C. Perspective Items
- D. Perspective-Control
Answer: A,B,C
NEW QUESTION 34
You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
EMEA P2P Control Manager Job Role
Seeded Control Manager Duty Composite
Seeded Control Certification Assessor Duty Composite
EMEA P2P Control Manager Data Security Policy
Seeded Control Manager Data Security Policy
Perspective filter where Region Perspective "equals" EMEA
Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)
- A. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- B. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- C. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
- D. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
Answer: A,B
NEW QUESTION 35
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
- A. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
- C. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
- D. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
Answer: D
NEW QUESTION 36
What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?
- A. The incident status changes to "Assigned."
- B. The incident remains in "Closed" status and additional remedial action cannot be taken.
- C. The incident is deferred.
- D. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
- E. The incident is copied and a new incident is created based on the original incident.
Answer: A,D
NEW QUESTION 37
You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
- A. Data security policies for Controls were not created.
- B. The parent process was never approved.
- C. The Control Method was not set to a valid value.
- D. The Controls were not related to any risk objects.
Answer: C
NEW QUESTION 38
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?
- A. You can relate only process objects.
- B. You can relate a new process and a new control.
- C. You can relate only an existing control, but not a new control.
- D. You can relate only control objects.
Answer: B
NEW QUESTION 39
Which two options can be assigned to a duty role? (Choose two.)
- A. Abstract Role
- B. Functional Security Policy
- C. Job Role
- D. Data Security Policy
Answer: B,D
NEW QUESTION 40
Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)
- A. Validate that there are no duplicate worksheet IDs within the same worksheet.
- B. Validate that new lookup values are created for any custom list of values.
- C. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
- D. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
- E. Validate that the System ID column is populated correctly.
Answer: B,D,E
NEW QUESTION 41
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)
- A. Quantitative Analysis
- B. Certify
- C. Design Review
- D. Assess Risk
- E. Audit
- F. Qualitative Analysis
Answer: B,C,D
NEW QUESTION 42
Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.
- A. Only Control 1
- B. None
- C. Controls 2 and 3
- D. All controls
- E. Controls 1, 2, and 3
Answer: C
NEW QUESTION 43
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