1z0-1058-22 by Oracle Actual Free Exam Q&As

Question 1

How do you associate a risk to a control?

A. The only way to create risk-control associations is through data import. B. On the Related Controls tab of risk definition, add the control. C. On the Related Objects tab of control definition, add the risk. D. To associate a control to a risk, the control needs to be in the Review state. E. In the related object section of process definition, add the control to the risk.

Discussion 0

Correct Answer: B Vote an answer

Question 2

The GRC Business owner responsible for reviewing and investigating access incidents related to the "Order to Cash" perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner's assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?

A. The underlying model is not linked to Order to Cash. B. The Result Management Perspective Assignment has not been linked. C. Worklist assignment does not include the business owner. D. The Control Perspectives are not linked to the control. E. The business owner was recently assigned the role and the worklist needs to be refreshed.

Discussion 0

Correct Answer: C Vote an answer

Question 3

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.)

A. 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. B. 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. C. 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. D. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value. E. 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.

Discussion 0

Correct Answer: A,B Vote an answer

Question 4

You are implementing Advanced Access Controls 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. 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. B. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls. C. 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. D. 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. E. 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.

Discussion 0

Correct Answer: E Vote an answer

Question 5

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?

A. .xml B. .doc C. .xlsx D. .txt E. .pdf

Discussion 0

Correct Answer: A Vote an answer

Question 6

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

Discussion 0

Correct Answer: C Vote an answer

Question 7

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

A. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting. B. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives. C. Identify users who will be responsible for creating and maintaining controls and/or risks. D. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.

Discussion 0

Correct Answer: B,D Vote an answer

Question 8

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?

A. The scheduled assessment process will end in error. B. The assessment will be associated with the version of the test plans from the time of assessment initiation. C. The updated test plans will become available during the assessment. D. The user will have the option to select the older or newer versions of the test plans during the assessment process.

Discussion 0

Correct Answer: B Vote an answer

Oracle Risk Management Cloud 2022 Implementation Professional - 1z0-1058-22 Exam Practice Test