1Z0-1058-20 Training & Certification Get Latest Oracle Risk Management Cloud Updated on Sep 03, 2021
Certification Training for 1Z0-1058-20 Exam Dumps Test Engine
NEW QUESTION 34
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 35
You areimplementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
Afterthe seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)
- A. Access Control Manager
- B. Advanced Control System Administrator
- C. Application Data Source Manager
- D. Access incident Results Manager
- E. Access Model Manager
Answer: D,E
NEW QUESTION 36
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 37
A user has created and submitted a new control and the state of the control is "In Review." The userexpected that the control state would change to "Approved." Why is the control not in the "Approved" state?
- A. The Control Approver role has been assigned to some users.
- B. This user is not a Control Approver; therefore, the status will be "In Review."
- C. The Control Reviewer role has been assigned to someusers.
- D. New controls must always be reviewed, irrespective of security configuration.
Answer: B
NEW QUESTION 38
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 39
You want to identify Controls with the most Incidents, with the condition that the identified Controlsshould 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. Pareto
- B. Mean
- C. Clustering
- D. Anomaly Detection
- E. Absolute Deviation
Answer: A
NEW QUESTION 40
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 "Approved" state.
- C. BothR100 and C100 will be in the "New" state.
- D. Both R100 and C100 will be in the "Awaiting Approval" state.
Answer: D
NEW QUESTION 41
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 42
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 43
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. Controls 1, 2, and 4
- B. All controls
- C. Controls 2 and 4
- D. None
- E. Controls 1 and 2
Answer: E
NEW QUESTION 44
The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
How canthis be accomplished?
- A. The controlmanager does not need to update the control because any initiated assessment will include all control test plans.
- B. The control's test plan should be updated to Audit Test as the assessment type.
- C. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
- D. The control manager should create a new test plan with Audit Test and Design Review as assessment types.
Answer: C
NEW QUESTION 45
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)
- A. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
- B. Create a project plan with objectives, goals, and exit criteria.
- C. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
- D. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- E. Complete control review and assessment for one period/cycle with the actual business owners.
Answer: A,D,E
NEW QUESTION 46
You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or hersecurity configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager DataSecurity Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)
- A. Add to the EMEA P2PControl Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- B. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
- C. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- D. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
Answer: A,C
NEW QUESTION 47
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 48
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?
- A. Access Entitlement
- B. Access Point and User Business Object
- C. Access Point and Fusion Access Condition
- D. Fusion Access Condition
- E. Access Point
Answer: A
NEW QUESTION 49
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?
- A. The Control comment filed has a notation for "Audit Test."
- B. The Control status filed is set to "Audit Test."
- C. The Assessment Flag and the Audit Testing Flag are both set to "Y."
- D. The Control has a related process.
Answer: D
NEW QUESTION 50
When validating imported data, the control manager at your client has identified an incorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A. What needs to be done to fix the mapping?
- A. Option D
- B. Option B
- C. Option A
- D. Option C
Answer: B
NEW QUESTION 51
You are implementing Advanced AccessControls 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. 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.
- D. 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.
- 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.
Answer: C
NEW QUESTION 52
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 53
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