Oracle 1Z0-1058-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1058-23 Online Questions & Answers

• Question 31:

  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. Perform impromptu assessments for the two controls.
  C. Enable impromptu assessments during configuration of module objects.
  D. Initiate a planned assessment and include the two controls as part of the same assessment.
  E. Initiate two planned assessments, one for each control.
  A. Initiate a planned assessment that includes all controls assigned to perspective P2P.
  C. Enable impromptu assessments during configuration of module objects.
  E. Initiate two planned assessments, one for each control.

• Question 32:

  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.)

  A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
  B. Generate Template as Without Data.
  C. Navigate to Manage Module Perspectives.
  D. Generate Template as Without Data ?Perspectives Only.
  E. Click the Create Import Template button.
  A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
  B. Generate Template as Without Data.
  C. Navigate to Manage Module Perspectives.

• Question 33:

  Which statement related to Advanced Access Controls is true?

  A. If helps enforce segregation of duties.
  B. If helps perform risk analysis and evaluation.
  C. It analyzes transaction records.
  D. It documents risks and controls.
  A. If helps enforce segregation of duties.

• Question 34:

  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. 1, 3, 2
  B. 1, 2, 3
  C. 2, 3, 1
  D. 3, 2, 1
  E. 2, 1, 3
  B. 1, 2, 3

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  Explanation/Reference:

• Question 35:

  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?

  A. Modify the perspective hierarchy in the last step of initiating assessments.
  B. Modify the participant list in the last step of initiating assessments.
  C. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.
  D. It is not possible to change the participants after Data Security Policies are assigned.
  E. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.
  B. Modify the participant list in the last step of initiating assessments.

• Question 36:

  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 "In Review" state.
  B. Both R100 and C100 will be in the "Awaiting Approval" state.
  C. Both R100 and C100 will be in the "Approved" state.
  D. Both R100 and C100 will be in the "New" state.
  B. Both R100 and C100 will be in the "Awaiting Approval" state.

• Question 37:

  You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

  A. .xlsx
  B. .doc
  C. .pdf
  D. .xml
  E. .txt
  D. .xml

• Question 38:

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

• Question 39:

  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.)

  A. Identify the type of assessments included in each assessment cycle.
  B. Understand the sample size for each audit test.
  C. Determine if control assessments are planned ahead of time or are run impromptu.
  D. Determine the main objectives of deploying the control.
  E. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
  B. Understand the sample size for each audit test.
  C. Determine if control assessments are planned ahead of time or are run impromptu.
  E. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

• Question 40:

  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?

  A. The superuser's account is inactive and his or her account needs to be activated.
  B. The application will not allow a user to both create users and assign them roles.
  C. The superuser's account is created but the synchronization jobs have not been run.
  D. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
  C. The superuser's account is created but the synchronization jobs have not been run.

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  Explanation/Reference: