[2024] New 1z0-1058-23 exam dumps Use Updated Oracle Exam [Q45-Q62]

QUESTION 45
How do you associate a risk to a control?

On the Related Controls tab of risk definition, add the control.

To associate a control to a risk, the control needs to be in the Review state.

In the related object section of process definition, add the control to the risk.

On the Related Objects tab of control definition, add the risk.

The only way to create risk-control associations is through data import.

QUESTION 46
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.

QUESTION 47
You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

Identify the type of assessments included in each assessment cycle.

Understand the sample size for each audit test.

Determine if control assessments are planned ahead of time or are run impromptu.

Determine the main objectives of deploying the control.

Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

QUESTION 48
Which two options can be assigned to a duty role? (Choose two.)

Functional Security Policy

Abstract Role

Data Security Policy

Job Role

QUESTION 49
Identify the four statuses and states in which you can edit an issue’s description, assuming you have the necessary privileges to edit the issue. (Choose four.)

Status: On Hold; State: In Review

Status: Closed; State: Final Close

Status: Open; State: Approved

Status: Closed; State: Closed – Awaiting Approval

Status: Open; State: In Edit

Status: On Hold; State: Awaiting Approval

Status: Open; State: New

Status: On-Hold; State: Reported

QUESTION 50
Which filter can be used to identify expense reports that contain suspicious expense type combinations, such as, a report for a single trip that contains taxi, car rental, and mileage expenses?

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “Equals” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Person” where the
“Expense Type” has an “In” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Report Number” where the “Expense Type” has an “In” condition for values that include taxi, car, mileage.

Inclusive function filter grouped by the “Expense Report Information” object’s “Person” where the
“Expense Type” has an “In” condition for values that include taxi, car, mileage.

QUESTION 51
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?

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.

Select Actions > Create Access Control from the “Controls” tab of Advanced Controls.

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.

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.

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.

QUESTION 52
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 53
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.V

QUESTION 54
You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

Access Point and Fusion Access Condition

Access Entitlement

Access Point and User Business Object

Access Point

Fusion Access Condition

QUESTION 55
You are designing data for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)

Perspective Items

Controls

Control Test Plans

Perspective-Control

QUESTION 56
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 57
Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)

The “Payables Invoice” object’s “Supplier ID” does not equal itself.

The “Payables Invoice” object’s “Invoice ID” is similar to the “Payables Invoice” object’s “Invoice Number”.

The “Payables Invoice” object’s “Invoice Amount” is equal to itself.

The “Payables Invoice” object’s “Invoice Number” is equal to the “Payables Invoice” object’s “Invoice ID.”

The “Payables Invoice” object’s “Invoice Number” is equal to itself.

QUESTION 58
You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?

Template

Control

Model

Filter

Business object

QUESTION 59
You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

Understand the sample size for each audit test.

Determine if control assessments are planned ahead of time or are run impromptu.

Determine the main objectives of deploying the control.

Identify the type of assessments included in each assessment cycle.

QUESTION 60
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?

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

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

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

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

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

QUESTION 61
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 62
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.