[Dec-2022] 1z0-1058-22 Free Sample Questions to Practice One Year Update [Q24-Q44]

Rate this post

[Dec-2022] 1z0-1058-22 Free Sample Questions to Practice One Year Update

Download 1z0-1058-22 exam with Oracle 1z0-1058-22 Real Exam Questions

QUESTION 24
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?

The control goes into the “Waiting for Approval” state.

The control goes into the “New” state.

The control goes into the “Approved” state.

The control goes into the “In Review” state.

QUESTION 25
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.

On the Manage Issues page, highlight the issue and click the Close button.

The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.

After you have completed the remediation plan, click the Close button on the Remediation Plan page.

Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.

QUESTION 26
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?

Option A

Option B

Option C

Option D

QUESTION 27
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?

The incident is deferred.

The incident remains in “Closed” status and additional remedial action cannot be taken.

The incident remains in “Closed” status and assigned users receive a notification that additional access incidents have been identified.

The incident is copied and a new incident is created based on the original incident.

The incident status changes to “Assigned.”

QUESTION 28
Select three fields that are required to create an impromptu assessment. (Choose three.)

Due Date

Template

Name

Reviewer

Perspectives

Activity

QUESTION 29
During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
Enterprise Risk and Control Manager
IT Security Manager
Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?

The superuser’s account is inactive and his or her account needs to be activated.

The application will not allow a user to both create users and assign them roles.

The superuser’s account is created but the synchronization jobs have not been run.

The superuser’s account is not yet approved by his or her supervisor in Financial Reporting Compliance.

QUESTION 30
Which three tasks should be completed before starting the Financial Reporting Compliance implementation? (Choose three.)

Migrate the organization’s existing risk and control matrix into Financial Reporting Compliance.

Complete control review and assessment for one period/cycle with the actual business owners.

Create a project plan with objectives, goals, and exit criteria.

Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.

Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.

QUESTION 31
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.

None

Controls 2 and 3

Only Control 1

All controls

Controls 1, 2, and 3

QUESTION 32
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.)

Perspective Items

Controls

Control Test Plans

Perspective-Control

QUESTION 33
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

Large scope of project requires high effort for maintenance and administration.

It promotes rapid implementation and go-live.

It promotes go-live with minimal acceptance testing and user training.

It provides maximum return on investment with minimum project risk.

It promotes successful adoption and minimizes on-going cost of operation.

QUESTION 34
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

Review and approve the accuracy and completeness of control descriptions.

Gain real-time access to live financial data and proactively resolve issues.

Continuously monitor financial transactions and role-based remediation of transaction incidents.

Review control assessment results, along with any effectiveness issues found.

Provide self-service access to reporting and analysis against financial transactions.

Conduct intuitive audits of general ledger balances with journal details.

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?

One job will run for the two objects based on transactions dated before the Transaction Created As of Date.

One job will run for the two objects and the Transaction Created As of Date has no impact on the data.

One job will run for the two objects based on transactions dated after the Transaction Created As of Date.

Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.

QUESTION 36
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?

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.

Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

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.

Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.

QUESTION 37
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.)

Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

Validate that the control-perspective relationship has been created in Manage Module Perspectives.

Validate that new lookup values are created for any custom list of values.

Validate that there are no duplicate worksheet IDs within the same worksheet.

Validate that the System ID column is populated correctly.

QUESTION 38
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

Access Point and Fusion Access Condition

Access Entitlement

Access Point and User Business Object

Access Point

Fusion Access Condition

QUESTION 39
A Control Manager has changed the status of an issue to “In Remediation” and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?

In Review

Active

Reported

Approved

In Edit

QUESTION 40
Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “Equals” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Person” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

QUESTION 41
Which two options can be assigned to a duty role? (Choose two.)

Functional Security Policy

Abstract Role

Data Security Policy

Job Role

QUESTION 42
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

Test Plans

Assessments

Processes

Perspectives

Risks

Controls

QUESTION 43
After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file? (Choose three.)

Open with an XML editor, such as Excel.

Navigate to Monitor Jobs and click the message link for the export job.

Click the Item Results link.

Click the Export File button.

Open with an HTML editor.

QUESTION 44
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.)

Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.

Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.

Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.

While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.

Real exam questions are provided for Oracle Risk Management Cloud tests, which can make sure you 100% pass: https://www.actualcollection.com/1z0-1058-22-exam-questions.html

Leave a comment Cancel reply