Regular Free Updates 1z0-1058-22 Dumps Real Exam Questions Test Engine Mar 12, 2023 [Q39-Q57] – IT Certification Exam Questions & Answers

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Regular Free Updates 1z0-1058-22 Dumps Real Exam Questions Test Engine Mar 12, 2023

Practice Test Questions Verified Answers As Experienced in the Actual Test!

Oracle 1z0-1058-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Validate an import template prior to import Troubleshoot errors during an import
Topic 2	Describe how to create objects Assign users and groups to objects Explain Result Management
Topic 3	Configure and manage Lookups and Flexfields Initial Financial Reporting Compliance Configuration
Topic 4	Create and manage Perspectives Transaction & Audit Control use cases
Topic 5	Create and manage Models and Controls Gather Requirements for Risk Management Implementation
Topic 6	Describe jobs and processes related to security Plan to gather information for the implementation
Topic 7	Configure an environment for Financial Reporting Compliance Implementation Explain the steps to import and export data
Topic 8	Initial Advanced Controls Configuration Explain Simulation and Remediation

QUESTION 39
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

QUESTION 40
You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will be analyzed?

QUESTION 41
Select three fields that are required to create an impromptu assessment. (Choose three.)

Due Date

Template

Name

Reviewer

Perspectives

Activity

QUESTION 42
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.)

Add a standard filter where the “Payment” object’s “Organization ID” equals BU1, BU2, BU3, BU4.

Add a function filter grouping by “Supplier ID” where the sum of “Payment Amount” is greater than 100,000.

Add a function filter grouping by “Organization ID” where the sum of “Payment Amount” is greater than 100,000.

Add a standard filter where the “Payment” object’s “Organization ID” equals BU5, and advanced option “Exclude” is checked.

Add a standard filter where the “Payment” object’s “Organization ID” is equal to itself.

QUESTION 43
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?

Both R100 and C100 will be in the “In Review” state.

Both R100 and C100 will be in the “Awaiting Approval” state.

Both R100 and C100 will be in the “Approved” state.

Both R100 and C100 will be in the “New” state.

QUESTION 44
You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)

The Control Manager was not given the correct data security policy to access the controls.

The Perspective Hierarchy was not associated to the Control Object.

There was no Control Type associated with the controls.

The Perspective Hierarchy is not in the Approved state.

No risks were mapped to the imported controls.

QUESTION 45
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?

The Assessment Flag and the Audit Testing Flag are both set to “Y.”

The Control has a related process.

The Control status filed is set to “Audit Test.”

The Control comment filed has a notation for “Audit Test.”

QUESTION 46
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.

QUESTION 47
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

On the Controls tab of the Import template, set the control state to NEW for each control record.

Identify the organizations or business units for which users will perform review or approval.

Identify users who will perform control review and approval.

Identify the other roles to be provided for control managers.

QUESTION 48
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.)

Identify the type of assessments included in each assessment cycle.

Understand the sample size for each audit test.

Determine if control assessments are planned ahead of time or are run impromptu.

Determine the main objectives of deploying the control.

Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

QUESTION 49
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 50
The GRC Business owner responsible for reviewing and investigating access incidents related to the “Order to Cash” perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner’s assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?

The Result Management Perspective Assignment has not been linked.

The underlying model is not linked to Order to Cash.

The business owner was recently assigned the role and the worklist needs to be refreshed.

Worklist assignment does not include the business owner.

The Control Perspectives are not linked to the control.

QUESTION 51
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.)

Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

Generate Template as Without Data.

Navigate to Manage Module Perspectives.

Generate Template as Without Data – Perspectives Only.

Click the Create Import Template button.

QUESTION 52
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 53
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 54
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?

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 access control 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, and select the entitlement you created.

QUESTION 55
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.)

To relate controls to risks, the risks must be in “approved” state.

You cannot use the Data Migration tool to add control records to map to existing risks.

You can use the Data Migration tool to add control records for the existing risks.

To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

QUESTION 56
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?

The user will have the option to select the older or newer versions of the test plans during the assessment process.

The scheduled assessment process will end in error.

The assessment will be associated with the version of the test plans from the time of assessment initiation.

The updated test plans will become available during the assessment.

QUESTION 57
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.

It documents risks and controls.