1z0-1058-23 Exam Dumps - Oracle Risk Management Cloud Questions and Answers

• Identify Responsible Users for Perspectives: Determine the individuals or teams who will have the authority and responsibility to create and manage perspectives. This includes setting up the perspectives and ensuring they are aligned with the organization’s reporting and security requirements1.
• Identify Responsible Users for Controls/Risks: Establish who will be responsible for the creation and ongoing management of controls and risks within the system. This ensures that there is accountability and that these elements are kept up-to-date with the organization’s needs2.

References: For the official and verified answer, please refer to the Oracle Risk Management documentation on their website, specifically the sections discussing post go-live activities and the management of perspectives and security3142.

Once the remediation of a segregation of duties conflict is completed in Fusion Security by removing the conflicting access from the users, the status of the incident in Advanced Access Controls (AAC) should be set to “Resolved”. This indicates that the necessary actions have been taken to address the incident and no further immediate action is required. The “Resolved” status is used to signify that the incident has been dealt with and the conflict has been eliminated.

References:The information is verified and aligned with the Oracle Risk Management documentation, which details the incident statuses and states within the AAC1.

To change the participant who completes the assessment, the assessment manager should:

• Navigate to the assessment record.
• Access the participant list in the last step of initiating assessments.
• Modify the participant list to select a different user as the assessor.

This allows the assessment manager to update the participant list and assign the assessment to a different user if needed.

References:The process for modifying the participant list during the assessment initiation is outlined in Oracle’s documentation on managing assessment batches and participants1.

• Remove Control Certification Assessor Composite: This action will address Problem 1 by removing the duty composite that is likely causing the user to receive notifications for control assessments1.
• Set Perspective Value to EMEA Including All Child Nodes: Adjusting the data security policy to include all child nodes of the EMEA region will solve Problem 2, granting the user access to controls created for individual regions within EMEA1.

References: For the official and verified answer, please refer to the Oracle Risk Management documentation on their website, specifically the sections discussing role configuration and data security policies123.

To verify that all controls are set up for the Audit Test assessment type in the import template, you would:

• Open the import template and navigate to the relevant worksheet for controls.
• Look for the columns that correspond to the Assessment Flag and the Audit Testing Flag.
• Ensure that both flags are set to “Y” for each control that is to be used for the Audit Test assessment type.

This verification process confirms that the controls are correctly flagged to be included in the Audit Test assessments.

References:The guidelines for setting up controls in the import template, including the use of flags for assessment types, are provided in the Oracle Risk Management documentation1. Additionally, the import template data requirements specify the use of flags to represent selections in the user interface1.

This filter would allow the model to compare the dates of the invoice and the credit card transaction to ensure they are within a reasonable time frame of each other, which is indicative of a duplicate charge. A similarity within +/- 10 days is a common practice to account for processing delays while still capturing potential duplicates.

References: For the most accurate and detailed explanation, please refer to the Oracle Risk Management documentation on the Oracle site, specifically the sections that discuss building transaction models and setting up filters for identifying duplicate charges.

Please note that this is a logical deduction based on the information provided and not a verified answer from the official Oracle documentation. For a verified answer, you should consult the Oracle Risk Management documents directly.

To associate a risk to a control within Oracle Risk Management, you would use the control definition. Specifically, you would navigate to the Related Objects tab within the control definition and add the risk there. This process links the risk directly to the control, allowing for a clear association between the two within the system.

References:The Oracle Cloud Risk Management and Compliance documentation provides insights into how risks and controls are managed within the system, including the association of risks to controls1. Additionally, the Implementing Risk Management guide from Oracle’s official documentation outlines the steps and considerations for setting up and managing risks and controls, which includes associating risks to controls2.

To identify key stakeholders for Financial Reporting Compliance Cloud, focus on individuals involved in certifying internal controls for regulatory mandates like SOX. These stakeholders are typically executives responsible for ensuring that the company’s financial reporting processes are compliant and reliable.

References:

• Oracle Financial Reporting Compliance Cloud Data Sheet1.
• Overview of Oracle Financial Reporting Compliance2.

The issue described occurs when the Risk Owner role lacks the necessary privileges to access the control object. Even though the risk object has been created and mapped to a control object, if the Risk Owner’s role is not configured with the appropriate permissions, they will not be able to view or interact with the control. This is a common scenario during the implementation phase where roles and permissions need to be carefully assigned to ensure proper access to the risk management system’s features.

References:The explanation is based on the Oracle Risk Management documentation, which provides insights into role-based access and the importance of correct privilege assignment for different roles within the system123.

• Group the expense reports by “Report Number” to ensure each report is evaluated individually.
• Apply an inclusive filter to select reports where the “Expense Type” includes any of the specified suspicious combinations.
• The “In” condition allows the filter to match any of the listed expense types within a single report.

References For specific instructions and verified procedures, please refer to the Oracle Risk Management documentation available on the Oracle website or contact Oracle support directly for assistance.

Please note that the actual implementation details and available features may vary based on the version of the Oracle Risk Management system you are using and any customizations that have been applied. It’s always best to consult the official documentation or a qualified Oracle consultant for the most accurate information.