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

Oracle 1Z0-1058-23 Online Questions & Answers

• Question 51:

  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.)

  A. To relate controls to risks, the risks must be in "approved" state.
  B. You cannot use the Data Migration tool to add control records to map to existing risks.
  C. You can use the Data Migration tool to add control records for the existing risks.
  D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
  E. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
  C. You can use the Data Migration tool to add control records for the existing risks.
  D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

• Question 52:

  Your client has three operating units.

  What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)

  A. In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
  B. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
  C. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
  D. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
  E. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
  C. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
  D. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

• Question 53:

  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. Template
  B. Control
  C. Model
  D. Filter
  E. Business object
  C. Model

• Question 54:

  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?

  A. 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.
  B. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
  C. 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.
  D. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.
  B. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

• Question 55:

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

• Question 56:

  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. 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.
  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. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
  E. 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.
  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. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.

• Question 57:

  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?

  A. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
  B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
  C. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
  D. Configure Module Objects > Edit Control Object Configuration > Result = Show
  E. Configure Module Objects > Edit Risk Object Configuration > Result = Show
  D. Configure Module Objects > Edit Control Object Configuration > Result = Show

• Question 58:

  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?

  A. The user will have the option to select the older or newer versions of the test plans during the assessment process.
  B. The scheduled assessment process will end in error.
  C. The assessment will be associated with the version of the test plans from the time of assessment initiation.
  D. The updated test plans will become available during the assessment.
  C. The assessment will be associated with the version of the test plans from the time of assessment initiation.

• Question 59:

  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. Worklist assignment Result Investigator should be set to specific users.
  B. Custom perspective for Department linked to the Results object with Required set to "No"
  C. Custom perspective for Department linked to the Results object with Required set to "Yes"
  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. 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.
  F. Worklist assignment Result Investigator should be set to "All Eligible Users"
  A. Worklist assignment Result Investigator should be set to specific 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.
  F. Worklist assignment Result Investigator should be set to "All Eligible Users"

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  Explanation/Reference:

• Question 60:

  Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)

  

  A. Option A
  B. Option B
  C. Option C
  D. Option D
  E. Option E
  A. Option A
  D. Option D