Validate your Skills with Updated 1z0-1058-22 Exam Questions & Answers and Test Engine [Q19-Q42]

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Validate your Skills with Updated 1z0-1058-22 Exam Questions & Answers and Test Engine

Tested & Approved 1z0-1058-22 Study Materials Download Free Updated 77 Questions

NEW QUESTION 19
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?

The “Payables Invoice” object’s “Invoice Date” attribute is greater than the “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute.

The “Expense Report Credit Card Transaction” object’s “Last Updated Date” attribute is greater than the “Relative Value” of 3 months.

The “Expense Report Credit Card Transaction” object’s “Transaction Date” attribute is not blank.

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.

NEW QUESTION 20
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?

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.

Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

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.

Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.

NEW QUESTION 21
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 her security 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 Data Security 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.)

Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.

Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.

Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.

While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.

NEW QUESTION 22
You are implementing 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.
After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)

Access Control Manager

Advanced Control System Administrator

Access incident Results Manager

Application Data Source Manager

Access Model Manager

NEW QUESTION 23
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

Test Plans

Assessments

Processes

Perspectives

Risks

Controls

NEW QUESTION 24
Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EME A.
Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?

Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.

Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.

Use both Region and Business Process hierarchies solely for reporting purposes.

Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.

NEW QUESTION 25
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?

.xlsx

.doc

.pdf

.xml

.txt

NEW QUESTION 26
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

Design Review

Qualitative Analysis

Quantitative Analysis

Certify

Audit

Assess Risk

NEW QUESTION 27
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

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

Identify the organizations or business units for which users will perform review or approval.

Identify users who will perform control review and approval.

Identify the other roles to be provided for control managers.

NEW QUESTION 28
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.)

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.

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.

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.

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.

In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.

NEW QUESTION 29
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.)

Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

Generate Template as Without Data.

Navigate to Manage Module Perspectives.

Generate Template as Without Data – Perspectives Only.

Click the Create Import Template button.

NEW QUESTION 30
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

Review and approve the accuracy and completeness of control descriptions.

Gain real-time access to live financial data and proactively resolve issues.

Continuously monitor financial transactions and role-based remediation of transaction incidents.

Review control assessment results, along with any effectiveness issues found.

Provide self-service access to reporting and analysis against financial transactions.

Conduct intuitive audits of general ledger balances with journal details.

NEW QUESTION 31
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?

He or she will be able to review results of all prior assessments of all types for this control.

He or she will be able to review results of all prior Audit tests and operational assessments for this control.

He or she will be able to review only results of prior operational assessments for this control.

He or she will be able to review results of all prior operational assessments for all controls.

He or she will be able to review results of all prior assessments of all types for all controls.

NEW QUESTION 32
Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

None

Controls 2 and 3

Only Control 1

All controls

Controls 1, 2, and 3

NEW QUESTION 33
An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Which transaction model will identify payments made to these companies?

Create an Imported business object that can be used in conjunction with Oracle’s pre-built “Payment” object. One both objects are in your model, add this standard filter: the “Payment” object’s “Remit to Supplier Name” is similar to the custom object’s “Company Name” by 95%.

Add a configurable attribute “Company Name” to Oracle’s pre-built “Payment” object. Then add this standard filter: “Remit to Supplier Name” equals “Company Name”.

You cannot define this model because imported objects from a file cannot be used with delivered objects.

Create an Imported business object that can be used in conjunction with Oracle’s pre-built “Payables Invoice” object. Once both objects are in your model, add this standard filter: the “Payables Invoice” object’s “Supplier Name” equals the custom object’s “Company Name”.

NEW QUESTION 34
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.)

Initiate a planned assessment that includes all controls assigned to perspective P2P.

Perform impromptu assessments for the two controls.

Enable impromptu assessments during configuration of module objects.

Initiate a planned assessment and include the two controls as part of the same assessment.

Initiate two planned assessments, one for each control.

NEW QUESTION 35
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?

You can relate only process objects.

You can relate a new process and a new control.

You can relate only control objects.

You can relate only an existing control, but not a new control.

NEW QUESTION 36
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.

On the Manage Issues page, highlight the issue and click the Close button.

The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.

After you have completed the remediation plan, click the Close button on the Remediation Plan page.

Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.

NEW QUESTION 37
You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)

The Control Manager was not given the correct data security policy to access the controls.

The Perspective Hierarchy was not associated to the Control Object.

There was no Control Type associated with the controls.

The Perspective Hierarchy is not in the Approved state.

No risks were mapped to the imported controls.

NEW QUESTION 38
Which three tasks should be completed before starting the Financial Reporting Compliance implementation? (Choose three.)

Migrate the organization’s existing risk and control matrix into Financial Reporting Compliance.

Complete control review and assessment for one period/cycle with the actual business owners.

Create a project plan with objectives, goals, and exit criteria.

Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.

Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.

NEW QUESTION 39
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?

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?

Both R100 and C100 will be in the “In Review” state.

Both R100 and C100 will be in the “Awaiting Approval” state.

Both R100 and C100 will be in the “Approved” state.

Both R100 and C100 will be in the “New” state.

NEW QUESTION 41
What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of “Closed,” but poses a conflict again during a subsequent evaluation of controls?

The incident is deferred.

The incident remains in “Closed” status and additional remedial action cannot be taken.

The incident remains in “Closed” status and assigned users receive a notification that additional access incidents have been identified.

The incident is copied and a new incident is created based on the original incident.

The incident status changes to “Assigned.”

NEW QUESTION 42
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?

1, 3, 2

1, 2, 3

2, 3, 1

3, 2, 1

2, 1, 3

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