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Oracle 1z0-1058-22 Exam Syllabus Topics:
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NEW QUESTION 45
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
- A. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
- B. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
- C. Identify users who will be responsible for creating and maintaining controls and/or risks.
- D. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
Answer: B,D
NEW QUESTION 46
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. Controls 2 and 4
- B. Controls 1 and 2
- C. None
- D. Controls 1, 2, and 4
- E. All controls
Answer: B
NEW QUESTION 47
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)
- A. It promotes rapid implementation and go-live.
- B. Large scope of project requires high effort for maintenance and administration.
- C. It promotes go-live with minimal acceptance testing and user training.
- D. It promotes successful adoption and minimizes on-going cost of operation.
- E. It provides maximum return on investment with minimum project risk.
Answer: A,D,E
NEW QUESTION 48
During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?
- A. The Risk Owner account is inactive.
- B. The Risk Owner role does not have the right privileges.
- C. The risk and control objects are inactive and need to be made active.
- D. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
Answer: B
NEW QUESTION 49
After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?
- A. The control goes into the "New" state.
- B. The control goes into the "Waiting for Approval" state.
- C. The control goes into the "In Review" state.
- D. The control goes into the "Approved" state.
Answer: C
NEW QUESTION 50
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 is deferred.
- B. The incident status changes to "Assigned."
- C. The incident remains in "Closed" status and additional remedial action cannot be taken.
- 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: B,D
NEW QUESTION 51
When you view or edit a transaction incident, you may see extra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Equals (when the same attribute is used on both sides of the condition)
- B. Similar
- C. Not in
- D. Average Function
- E. Between (when using a date attribute)
Answer: C,D,E
NEW QUESTION 52
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Meaning of the new lookup value.
- B. Enter the new value directly in the Control method field.
- C. Use Lookup Code of the new lookup value.
- D. Use Lookup Type of the new lookup value.
Answer: B
NEW QUESTION 53
During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.
- A. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
- B. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
- C. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
- D. On the Manage Issues page, highlight the issue and click the Close button.
Answer: A
NEW QUESTION 54
You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates. However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?
- A. The user will have the option to select the older or newer versions of the test plans during the assessment process.
- B. The updated test plans will become available during the assessment.
- C. The scheduled assessment process will end in error.
- D. The assessment will be associated with the version of the test plans from the time of assessment initiation.
Answer: D
NEW QUESTION 55
You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements:
Incident results can be viewed by Department
Groups of investigators receive assigned incidents based on Department
Must ensure systematically that no incident is unassigned to an investigator Which three must be configured to support these requirements? (Choose three.)
- A. Worklist assignment Result Investigator should be set to specific users.
- B. Worklist assignment Result Investigator should be set to "All Eligible Users"
- C. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
- D. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only.
- E. Custom perspective for Department linked to the Results object with Required set to "Yes"
- F. Custom perspective for Department linked to the Results object with Required set to "No"
Answer: A,B,C
NEW QUESTION 56
The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls? (Choose three.)
- A. Initiate a planned assessment that includes all controls assigned to perspective P2P.
- B. Initiate two planned assessments, one for each control.
- C. Initiate a planned assessment and include the two controls as part of the same assessment.
- D. Enable impromptu assessments during configuration of module objects.
- E. Perform impromptu assessments for the two controls.
Answer: A,B,D
NEW QUESTION 57
Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?
- A. Seeded Issue Manager Composite and Issue Validator Composite
- B. Seeded Risk Issue Manager and Control Issue Manager
- C. Seeded Issue Manager Composite
- D. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
Answer: D
NEW QUESTION 58
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 the organizations or business units for which users will perform review or approval.
- C. Identify users who will perform control review and 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 59
When validating imported data, the control manager at your client has identified an incorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
What needs to be done to fix the mapping?
- A. Option A
- B. Option C
- C. Option B
- D. Option D
Answer: C
NEW QUESTION 60
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 61
Which two options can be assigned to a duty role? (Choose two.)
- A. Data Security Policy
- B. Functional Security Policy
- C. Abstract Role
- D. Job Role
Answer: A,B
NEW QUESTION 62
You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?
- A. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
- B. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
- C. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.
- D. Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.
Answer: A
NEW QUESTION 63
You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?
- A. 3, 2, 1
- B. 1, 3, 2
- C. 2, 3, 1
- D. 1, 2, 3
- E. 2, 1, 3
Answer: D
NEW QUESTION 64
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 the System ID column is populated correctly.
- C. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
- D. Validate that new lookup values are created for any custom list of values.
- E. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
Answer: B,D,E
NEW QUESTION 65
How do you identify Financial Reporting Compliance Cloud's key stakeholders?
- A. Identify executives who will manage customer balances and recognize revenue.
- B. Identify executives who need to certify internal controls for SOX or similar mandates.
- C. Identify users who need to create and submit expense reports easily.
- D. Identify users who will create customer invoices, and receive and apply customer payments.
Answer: A
NEW QUESTION 66
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. The parent process was never approved.
- B. The Controls were not related to any risk objects.
- C. The Control Method was not set to a valid value.
- D. Data security policies for Controls were not created.
Answer: C
NEW QUESTION 67
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