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Oracle 1z0-1058-22 Exam Syllabus Topics:
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NEW QUESTION 20
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 "In Review" state.
- C. The control goes into the "Waiting for Approval" state.
- D. The control goes into the "Approved" state.
Answer: B
NEW QUESTION 21
Which three tasks should be completed before starting the Financial Reporting Compliance implementation? (Choose three.)
- A. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
- B. Create a project plan with objectives, goals, and exit criteria.
- C. Complete control review and assessment for one period/cycle with the actual business owners.
- D. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- E. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
Answer: C,D,E
NEW QUESTION 22
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. 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.
- B. 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.
- C. The assessor can request the reviewer to attach the document during the review.
- D. 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.
Answer: D
NEW QUESTION 23
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. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
- C. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- D. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
Answer: A,C
NEW QUESTION 24
You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
- A. Both R100 and C100 will be in the "Awaiting Approval" state.
- B. Both R100 and C100 will be in the "Approved" state.
- C. Both R100 and C100 will be in the "New" state.
- D. Both R100 and C100 will be in the "In Review" state.
Answer: A
NEW QUESTION 25
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 remains in "Closed" status and additional remedial action cannot be taken.
- B. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
- C. The incident is copied and a new incident is created based on the original incident.
- D. The incident is deferred.
- E. The incident status changes to "Assigned."
Answer: B,E
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 "Supplier ID" does not equal itself.
- B. The "Payables Invoice" object's "Invoice Amount" is equal to itself.
- C. The "Payables Invoice" object's "Invoice Number" is equal to 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 ID" is similar to the "Payables Invoice" object's "Invoice Number".
Answer: A,D
NEW QUESTION 27
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)
- A. Assess Risk
- B. Design Review
- C. Certify
- D. Audit
- E. Qualitative Analysis
- F. Quantitative Analysis
Answer: A,B,C
NEW QUESTION 28
You are validating your customer's import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?
- A. The Control status filed is set to "Audit Test."
- B. The Control comment filed has a notation for "Audit Test."
- C. The Assessment Flag and the Audit Testing Flag are both set to "Y."
- D. The Control has a related process.
Answer: D
NEW QUESTION 29
Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EME A.
Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?
- A. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
- B. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
- C. Use both Region and Business Process hierarchies solely for reporting purposes.
- D. Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
Answer: A
NEW QUESTION 30
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)
- A. Test Plans
- B. Risks
- C. Assessments
- D. Controls
- E. Processes
- F. Perspectives
Answer: B,D,E
NEW QUESTION 31
You are implementing Advanced Access Controls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?
- A. Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, and select the entitlement you created.
- B. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
- C. Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
- D. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created.
- E. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
Answer: E
NEW QUESTION 32
You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
- A. Model
- B. Control
- C. Template
- D. Business object
- E. Filter
Answer: A
NEW QUESTION 33
You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
- A. Highlight the report name and click Run Now.
- B. Navigate to Administration Reports.
- C. Navigate to Scheduling under Setup and Administration.
- D. Select Display Scheduled Reports.
- E. Click Save Report Parameters to create saved settings.
Answer: A,E
NEW QUESTION 34
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 35
You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)
- A. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
- B. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
- C. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option "Exclude" is checked.
- D. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
- E. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than 100,000.
Answer: B,D
NEW QUESTION 36
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Type of the new lookup value.
- B. Use Lookup Meaning of the new lookup value.
- C. Use Lookup Code of the new lookup value.
- D. Enter the new value directly in the Control method field.
Answer: D
NEW QUESTION 37
Which statement related to Advanced Access Controls is true?
- A. If helps perform risk analysis and evaluation.
- B. It documents risks and controls.
- C. It analyzes transaction records.
- D. If helps enforce segregation of duties.
Answer: D
NEW QUESTION 38
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. Custom perspective for Department linked to the Results object with Required set to "No"
- B. Worklist assignment Result Investigator should be set to specific users.
- C. Worklist assignment Result Investigator should be set to "All Eligible Users"
- D. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
- E. Custom perspective for Department linked to the Results object with Required set to "Yes"
- F. 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.
Answer: B,C,D
NEW QUESTION 39
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