Oracle 1z0-1058-22 Study Guide Archives Updated on Oct 07, 2022
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NEW QUESTION 20
A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. This user is not a Control Approver; therefore, the status will be "In Review."
- B. The Control Approver role has been assigned to some users.
- C. The Control Reviewer role has been assigned to some users.
- D. New controls must always be reviewed, irrespective of security configuration.
Answer: A
NEW QUESTION 21
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 number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?
- A. Absolute Deviation
- B. Clustering
- C. Anomaly Detection
- D. Mean
- E. Pareto
Answer: E
NEW QUESTION 22
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?
- A. The underlying model is not linked to Order to Cash.
- B. The Control Perspectives are not linked to the control.
- C. Worklist assignment does not include the business owner.
- D. The business owner was recently assigned the role and the worklist needs to be refreshed.
- E. The Result Management Perspective Assignment has not been linked.
Answer: C
NEW QUESTION 23
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 operational assessments for all controls.
- B. He or she will be able to review results of all prior assessments of all types for this control.
- C. He or she will be able to review only results of prior operational assessments for this control.
- D. He or she will be able to review results of all prior Audit tests and operational assessments for this control.
- E. He or she will be able to review results of all prior assessments of all types for all controls.
Answer: D
NEW QUESTION 24
Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)
- A. Status: Closed; State: Final Close
- B. Status: Closed; State: Closed - Awaiting Approval
- C. Status: On Hold; State: In Review
- D. Status: On Hold; State: Awaiting Approval
- E. Status: Open; State: Approved
- F. Status: On-Hold; State: Reported
- G. Status: Open; State: In Edit
- H. Status: Open; State: New
Answer: C,E,G,H
NEW QUESTION 25
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)
- A. It promotes rapid implementation and go-live.
- B. It promotes successful adoption and minimizes on-going cost of operation.
- C. Large scope of project requires high effort for maintenance and administration.
- D. It promotes go-live with minimal acceptance testing and user training.
- E. It provides maximum return on investment with minimum project risk.
Answer: A,B,E
NEW QUESTION 26
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
- A. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
- B. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
- C. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- D. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
Answer: A
NEW QUESTION 27
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Type of the new lookup value.
- B. Use Lookup Code of the new lookup value.
- C. Use Lookup Meaning of the new lookup value.
- D. Enter the new value directly in the Control method field.
Answer: D
NEW QUESTION 28
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.
- A. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
- B. On the Manage Issues page, highlight the issue and click the Close button.
- C. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
- D. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
Answer: C
NEW QUESTION 29
You have built a transaction model to identify possible duplicate charges between invoicing and expense credit cards. The model logic already includes two standard filters that identify amounts and suppliers that are the same or similar, as shown:
Which additional date filter will further refine the set of duplicate charges found?
- A. The "Expense Report Credit Card Transaction" object's "Transaction Date" attribute is not blank.
- B. The "Payables Invoice" object's "Invoice Date" attribute is similar to the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute within +/- 10 days.
- C. The "Expense Report Credit Card Transaction" object's "Last Updated Date" attribute is greater than the "Relative Value" of 3 months.
- D. The "Payables Invoice" object's "Invoice Date" attribute is greater than the "Expense Report Credit Card Transaction" object's "Transaction Date" attribute.
Answer: B
NEW QUESTION 30
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?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: D
NEW QUESTION 31
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. .pdf
- B. .doc
- C. .xml
- D. .txt
- E. .xlsx
Answer: C
NEW QUESTION 32
When you view or edit a transaction incident, you may see extra 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. Between (when using a date attribute)
- B. Average Function
- C. Not in
- D. Equals (when the same attribute is used on both sides of the condition)
- E. Similar
Answer: A,B,C
NEW QUESTION 33
Which statement related to Advanced Access Controls is true?
- A. It documents risks and controls.
- B. It analyzes transaction records.
- C. If helps perform risk analysis and evaluation.
- D. If helps enforce segregation of duties.
Answer: D
NEW QUESTION 34
Which two options can be assigned to a duty role? (Choose two.)
- A. Abstract Role
- B. Data Security Policy
- C. Job Role
- D. Functional Security Policy
Answer: B,D
NEW QUESTION 35
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 not yet approved by his or her supervisor in Financial Reporting Compliance.
- B. The superuser's account is inactive and his or her account needs to be activated.
- C. The application will not allow a user to both create users and assign them roles.
- D. The superuser's account is created but the synchronization jobs have not been run.
Answer: D
NEW QUESTION 36
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. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
- D. 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.
- E. 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.
Answer: D,E
NEW QUESTION 37
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 Owner account is inactive.
- B. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
- C. The Risk Owner role does not have the right privileges.
- D. The risk and control objects are inactive and need to be made active.
Answer: C
NEW QUESTION 38
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1z0-1058-22 Questions Prepare with Learning Information: https://www.braindumpspass.com/Oracle/1z0-1058-22-practice-exam-dumps.html
