Reliable Oracle Risk Management Cloud 1Z0-1058-21 Dumps PDF May 09, 2022 Recently Updated Questions [Q34-Q55]

Rate this post

Reliable Oracle Risk Management Cloud 1Z0-1058-21 Dumps PDF May 09, 2022 Recently Updated Questions

Pass Your Oracle 1Z0-1058-21 Exam with Correct 77 Questions and Answers

NO.34 At the last step of initiating assessments,the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

Modify the perspective hierarchy in the last step of initiating assessments.

Modify the participant list in the last step of initiating assessments.

Request the administrator to change the Perspective in Data Security Policy for the Control Manager’s job role.

It is not possible to change the participants after Data Security Policies are assigned.

Request the administrator to assign Data Security Policies with correct perspectives to the Assessor’s job role.

NO.35 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.)

Worklist assignment Result Investigator should be set to specific users.

Custom perspective for Department linked to the Results object with Required set to “No”

Custom perspective for Department linked to the Results object with Required set to “Yes”

Investigators are assigned job roles with custom Department perspective data roles attached. Other incidentusers receive job roles which only allow viewing of incidents.

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.

Worklist assignment Result Investigator should be set to “All Eligible Users”

NO.36 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?

Seeded Issue Manager Composite and Issue Validator Composite

Seeded Risk Issue Manager and Control Issue Manager

Seeded Issue Manager Composite

Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

NO.37 How do you identify Financial Reporting Compliance Cloud’s key stakeholders?

Identify users who need to create and submit expense reports easily.

Identify users who will create customer invoices, andreceive and apply customer payments.

Identify executives who need to certify internal controls for SOX or similar mandates.

Identify executives who will manage customer balances and recognize revenue.

NO.38 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 validand 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.

NO.39 Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)

Migrate the organization’s existing risk and control matrixinto 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.

NO.40 After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
Whatis 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.

NO.41 You areimplementing 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?

Select Actions > Create Access Control from the “Controls” tab of Advanced Controls.

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.

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 accesscontrol in the “Controls” tab of Advanced Controls, and select the access model you created.

Create an access entitlement from the “Access Entitlements” page, then select Actions > Create Access Control from the “Controls” tab of Advanced Controls, andselect the entitlement you created.

NO.42 You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the numberof incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

Anomaly Detection

Mean

Pareto

Absolute Deviation

Clustering

NO.43 Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?

Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.

Configure Module Objects > Edit Risk Object Configuration > Treatment = Show

Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default

Configure Module Objects > Edit Control Object Configuration > Result = Show

Configure Module Objects > Edit Risk Object Configuration > Result = Show

NO.44 An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is reviewing Prior Results.
Which statement is true about viewing Prior Results for this control?

He or she will be able to review results of all prior assessments of all types for this control.

He or she will be able to review results of all prior Audit tests and operational assessments for this control.

He or she will be able to review only results of prior operational assessments for this control.

He or she will be able to review results of all prior operational assessments for all controls.

He or she will be able to review results of all prior assessments of all types for all controls.

NO.45 You are designingdata 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

NO.46 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 thistransaction model?

1, 3, 2

1, 2, 3

2, 3, 1

3, 2, 1

2, 1, 3

NO.47 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 ofvalues 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.

NO.48 You have twosegregation of duties requirements:
1) a user can access either the supplier creation pages or the invoice pages, but not both.
2) a user can access either the invoice creation pages or the payment creation pages, but not both.
How must these requirementsbe met in Advanced Access Controls?

Construct one model with three condition filters where the Function Name Equals “Create Supplier”,
“Create Invoice” and “Create Payment”

Construct two models, and create controls based on the models: “Create Supplier & Create Invoice”,
“Create Invoice & Create Payment”

Construct three controls, and create controls based on the models: “Create Supplier & Create Invoice”,
“Create Invoice & Create Payment”, “Create Supplier & Create Payment”

Construct one model:”Create Supplier & Create Invoice & Create Payment”

Construct one entitlement: “Create Supplier & Create Invoice & Create Payment”

NO.49 Which statement related to Advanced Access Controls is true?

If helps enforce segregation of duties.

If helps perform risk analysis and evaluation.

It analyzes transaction records.

Itdocuments risks and controls.

NO.50 Which three riskassessment activity types are available in Financial Reporting Compliance? (Choose three.)

Design Review

Qualitative Analysis

Quantitative Analysis

Certify

Audit

Assess Risk

NO.51 Your client has configured separate roles for control assessor and controlassessment 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?

The assessor can request the reviewer to attach the document during the review.

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.

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.

On the Manage Assessments page, the assessor canselect the assessment and click the Reopen button.He or she can then attach the document and resubmit the assessment.

NO.52 Which two options can be assigned to a duty role? (Choose two.)

Functional Security Policy

Abstract Role

Data Security Policy

Job Role

NO.53 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?

You can relate only process objects.

You can relate a new process and a new control.

You can relate only control objects.

You can relate only an existing control, but not a new control.

NO.54 Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

Function filter grouping by “Supplier ID” where count is greater than 1.

Standard filter where the “Supplier” object’s “Supplier ID” is equal to itself.

Function filter grouping by “Taxpayer ID” where count is greater than 1.

Standard filter where the “Supplier” object’s “Allow Withholding Tax” is not blank.

Standard filter where the “Supplier” object’s “Taxpayer ID” is not blank.

NO.55 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 accessincidents have been identified.

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

The incident status changes to “Assigned.”

Latest 2022 Realistic Verified 1Z0-1058-21 Dumps: https://www.testkingfree.com/Oracle/1Z0-1058-21-practice-exam-dumps.html

Reliable Oracle Risk Management Cloud 1Z0-1058-21 Dumps PDF May 09, 2022 Recently Updated Questions [Q34-Q55]

Related Posts

[Sep 27, 2026] Fast Exam Updates 1Z1-171 dumps with PDF Test Engine Practice [Q13-Q36]

[Q19-Q36] 100% Free 1Z0-1151-25 Exam Dumps Use Real Oracle Cloud Infrastructure Dumps With 58 Questions!

Leave a Reply Cancel reply