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

Question # 4

You have two segregation of duties requirements:

1) a user can access either the supplier creation pages or the invoice pages, but not both.

2) a user can access either the invoice creation pages or the payment creation pages, but not both.

How must these requirements be met in Advanced Access Controls?

Options:

A.

Construct one model with three condition filters where the Function Name Equals “Create Supplier”, “Create Invoice” and “Create Payment”

B.

Construct two models, and create controls based on the models: “Create Supplier & Create Invoice”, “Create Invoice & Create Payment”

C.

Construct three controls, and create controls based on the models: “Create Supplier & Create Invoice”, “Create Invoice & Create Payment”, “Create Supplier & Create Payment”

D.

Construct one model: “Create Supplier & Create Invoice & Create Payment”

E.

Construct one entitlement: “Create Supplier & Create Invoice & Create Payment”

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Question # 5

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?

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

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Question # 6

How do you populate the Control Method field with a new custom value, such as a third-party application’?

Options:

A.

Enter the new value directly in the Control method field.

B.

Use Lookup Meaning of the new lookup value.

C.

Use Lookup Code of the new lookup value.

D.

Use Lookup Type of the new lookup value.

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Question # 7

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?

Options:

A.

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

B.

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

C.

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

D.

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

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Question # 8

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.)

Options:

A.

Equals (when the same attribute is used on both sides of the condition)

B.

Not in

C.

Similar

D.

Average Function

E.

Between (when using a date attribute)

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Question # 9

Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.

What are the duty roles that must be included in this job role to achieve this requirement?

Options:

A.

Seeded Issue Manager Composite and Issue Validator Composite

B.

Seeded Risk Issue Manager and Control Issue Manager

C.

Seeded Issue Manager Composite

D.

Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

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Question # 10

Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now.

How can this be accomplished?

Options:

A.

The assessor can request the reviewer to attach the document during the review.

B.

On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.

C.

The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.

D.

On the Manage Assessments page, the assessor can select the assessment and click the Reopen button. He or she can then attach the document and resubmit the assessment.

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Question # 11

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?

Options:

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 Audit tests and operational assessments 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 operational assessments for all controls.

E.

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

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Question # 12

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.)

Options:

A.

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

B.

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

C.

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

D.

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

E.

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

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Question # 13

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?

Options:

A.

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

B.

The control goes into the “New” state.

C.

The control goes into the “Approved” state.

D.

The control goes into the “In Review” state.

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Exam Code: 1z0-1058-23
Exam Name: Oracle Risk Management Cloud 2023 Implementation Professional
Last Update: Feb 18, 2025
Questions: 75
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