Valid 1z0-1058-22 Exam Dumps Ensure you a HIGH SCORE (2022) [Q24-Q44]

By adminOn September 19, 2022

5/5 - (1 vote)

Valid 1z0-1058-22 Exam Dumps Ensure you a HIGH SCORE (2022)

Pass 1z0-1058-22 Exam with Latest Questions

QUESTION 24
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

QUESTION 25
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?

Composite Duty Role

Job Role Perspective Policy

Data Security Policy

Functional Security Policy

QUESTION 26
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 can this be accomplished?

The control manager should create a new test plan with Audit Test and Design Review as assessment types.

The control’s test plan should be updated to include both Audit Test and Design Review as assessment types.

The control manager does not need to update the control because any initiated assessment will include all control test plans.

The control’s test plan should be updated to Audit Test as the assessment type.

QUESTION 27
Which three statements are true about the purpose of perspectives? (Choose three.)

Perspectives can be used to define user privileges.

Perspectives can be used for categorizing Financial Reporting Compliance objects.

Perspectives can be used to represent regional hierarchies.

Perspectives are used to enable data security on Financial Reporting Compliance objects.

Perspectives enable functional security in Financial Reporting Compliance.

QUESTION 28
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?

The superuser’s account is inactive and his or her account needs to be activated.

The application will not allow a user to both create users and assign them roles.

The superuser’s account is created but the synchronization jobs have not been run.

The superuser’s account is not yet approved by his or her supervisor in Financial Reporting Compliance.

QUESTION 29
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.

QUESTION 30
Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)

Choose display (or hide) configurable options for: results, events, consequences and treatments.

Set “object-perspective” association.

Create object data import templates.

Edit the assessment activity question and guidance text for all assessment types.

View assessment response details for all assessment types.

QUESTION 31
How do you add values to a Risk Type list of values?

Populate the Import template with the new values in the Issue Severity column on the Controls tab.

Add the lookup codes to the GRC_RISK_TYPE Lookup Type.

Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.

Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.

Use the default lookup codes because there is no way to update the existing ones.

QUESTION 32
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.

QUESTION 33
Select three fields that are required to create an impromptu assessment. (Choose three.)

Due Date

Template

Name

Reviewer

Perspectives

Activity

QUESTION 34
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?

The user will have the option to select the older or newer versions of the test plans during the assessment process.

The scheduled assessment process will end in error.

The assessment will be associated with the version of the test plans from the time of assessment initiation.

The updated test plans will become available during the assessment.

QUESTION 35
Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of “Closed” to an access incident? (Choose two.)

The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.

A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.

A user sets the State of the incident to “Remediate”.

The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.

A user sets the Status of the incident to “Resolved”.

QUESTION 36
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.”

QUESTION 37
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.)

To relate controls to risks, the risks must be in “approved” state.

You cannot use the Data Migration tool to add control records to map to existing risks.

You can use the Data Migration tool to add control records for the existing risks.

To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

QUESTION 38
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.

QUESTION 39
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.

Identify lookup values that need to be created for Control, Risk, and Issue Type fields.

Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.

Identify users who will be responsible for creating and maintaining controls and/or risks.

QUESTION 40
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

Design Review

Qualitative Analysis

Quantitative Analysis

Certify

Audit

Assess Risk

QUESTION 41
You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the “Required” field to “yes” for the Control-Business Units association.
Where do you do this in the product?

The Create Control screen

The Manage Object Perspectives screen

The Import template

The Create Perspectives screen

The Manage Module Perspectives screen

QUESTION 42
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.

QUESTION 43
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.

QUESTION 44
After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?

The control goes into the “Waiting for Approval” state.

The control goes into the “New” state.

The control goes into the “Approved” state.

The control goes into the “In Review” state.

1z0-1058-22 Exam Practice Questions prepared by Oracle Professionals: https://www.testkingit.com/Oracle/latest-1z0-1058-22-exam-dumps.html

Valid 1z0-1058-22 Exam Dumps Ensure you a HIGH SCORE (2022) [Q24-Q44]

Leave a Reply Cancel reply