1Z0-1058-20 Practice Exam Tests Latest Updated on Jul-2021
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NEW QUESTION 35
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 thedelivered "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. 2, 1, 3
- C. 3, 2, 1
- D. 2, 3, 1
- E. 1, 2, 3
Answer: E
NEW QUESTION 36
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. Custom perspective for Department linked to the Results object with Required set to "Yes"
- B. Custom perspective for Department linked to the Results object with Required set to "No"
- C. 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.
- D. Worklist assignment Result Investigator should be set to specific users.
- E. 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"
Answer: D,E,F
NEW QUESTION 37
You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. Whenthe customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
- A. The Controls were not related to any risk objects.
- B. The Control Method was not set to a valid value.
- C. Data security policies for Controls were not created.
- D. The parent process was never approved.
Answer: B
NEW QUESTION 38
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. Determine if control assessments are planned ahead of time or are run impromptu.
- B. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
- C. Understand the sample size for each audit test.
- D. Identify the type of assessments included in each assessment cycle.
- E. Determinethe main objectives of deploying the control.
Answer: A,B,C
NEW QUESTION 39
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 D
- C. Option B
- D. Option C
- E. Option E
Answer: A,B
NEW 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 beanalyzed?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 41
When you view or edit a transaction incident, you may seeextra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Similar
- B. Between (when using a date attribute)
- C. Average Function
- D. Not in
- E. Equals (when the same attribute is used on both sides of the condition)
Answer: B,C,D
NEW QUESTION 42
During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?
- A. The risk and control objects are inactive and need to be made active.
- B. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
- C. The Risk Owner account is inactive.
- D. The Risk Owner role does not have the rightprivileges.
Answer: D
NEW QUESTION 43
You have defined an initial Perspective Hierarchy for your client in theAdvanced 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. Generate Template as Without Data.
- B. Click the Create Import Template button.
- C. Navigate to Manage Module Perspectives.
- D. Generate Template as Without Data - Perspectives Only.
- E. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
Answer: A,C,E
NEW QUESTION 44
Which two options can be assigned to a duty role? (Choose two.)
- A. Job Role
- B. DataSecurity Policy
- C. Abstract Role
- D. Functional Security Policy
Answer: B,D
NEW QUESTION 45
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. Enable impromptu assessments during configuration of module objects.
- B. Initiate two planned assessments, one for each control.
- C. Perform impromptu assessments for the two controls.
- D. Initiate a planned assessment and include the two controls as part of the same assessment.
- E. Initiate a planned assessment that includes all controls assigned toperspective P2P.
Answer: A,B,E
NEW QUESTION 46
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 youmeet this requirement?
- A. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
- B. 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.
- C. Ensure that no user has been assigned a job role that includes theRisk Reviewer Composite or Risk Approver Composite Duty Role.
- D. 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.
Answer: A
NEW QUESTION 47
You have scheduled quarterly assessments for a Control object at the beginning of the year with futuredates.
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 updated test plans will become available during the assessment.
- 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 user will have the option to select the older or newer versions of the test plans during the assessment process.
Answer: C
NEW QUESTION 48
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?
- A. He or she will be able to review results of all prior assessments of all types for this control.
- B. He or she will be able to review results of all prior operational assessments for all controls.
- C. He or she will be able to review results of all prior assessments of all types for all controls.
- D. He or she will beable to review only results of prior operational assessments for this control.
- E. He or she will be able to review results of all prior Audit tests and operational assessments for this control.
Answer: E
NEW QUESTION 49
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?
- A. Job Role Perspective Policy
- B. Composite Duty Role
- C. Functional Security Policy
- D. Data Security Policy
Answer: A
NEW QUESTION 50
Which statement related to Advanced Access Controls is true?
- A. If helps enforce segregation of duties.
- B. If helpsperform risk analysis and evaluation.
- C. It analyzes transaction records.
- D. It documents risks and controls.
Answer: A
NEW QUESTION 51
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Meaning of the new lookup value.
- B. Use Lookup Type of the new lookup value.
- C. Enter the new value directly in the Controlmethod field.
- D. Use Lookup Code of the new lookup value.
Answer: C
NEW QUESTION 52
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?
- A. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
- B. Seeded Risk Issue Manager and Control Issue Manager
- C. Seeded Issue Manager Composite
- D. Seeded Issue Manager Composite and IssueValidator Composite
Answer: A
NEW QUESTION 53
Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)
- A. Create object data import templates.
- B. Choose display (or hide)configurable options for: results, events, consequences and treatments.
- C. Set "object-perspective" association.
- D. Edit the assessment activity question and guidance text for all assessment types.
- E. Viewassessment response details for all assessment types.
Answer: B,C,E
NEW QUESTION 54
How do you add values to a Risk Type list of values?
- A. Because you cannot add newvalues, update one of the existing lookup codes to what the client wants it to be.
- B. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
- C. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- D. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- E. Use the default lookup codes because there is no way to update the existing ones.
Answer: D
NEW QUESTION 55
You need to schedule thereport "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
- A. Click Save Report Parameters to create saved settings.
- B. Navigate to Administration Reports.
- C. Select Display Scheduled Reports.
- D. Highlight the report name and click Run Now.
- E. Navigate to Scheduling under Setup and Administration.
Answer: A,D
NEW QUESTION 56
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