Oracle 1Z0-1058-24 Exam Real Questions

Prepare and pass your Oracle Risk Management Cloud 2024 Implementation Professional with free 1Z0-1058-24 exam questions.

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Total 78 Questions | Updated On: Sep 12, 2024

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Question 1

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.)

A : The Control Manager was not given the correct data security policy to access the controls.

B : The Perspective Hierarchy was not associated to the Control Object.

C : There was no Control Type associated with the controls.

D : The Perspective Hierarchy is not in the Approved state.

E : No risks were mapped to the imported controls.

Answer: A,C

Question 2

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 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.

Answer: B

Question 3

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?

A : Template

B : Control

C : Model

D : Filter

E : Business object

Answer: C

Question 4

You are building a transaction model to identify invoices with USD amounts that are greater than the

supplier’s average invoice amount. The order of the filters is important.

1. Add an “Average” Function filter grouping by “Supplier ID” where “Invoice Amount” is greater than 0.

2. Add a standard filter where “Invoice Currency” equals “USD.”

3. Add a standard filter where the delivered “Average Value” attribute is less than “Invoice Amount.”

What is the correct order of the filters for this transaction model?

A : 1, 3, 2

B : 1, 2, 3

C : 2, 3, 1

D : 3, 2, 1

E : 2, 1, 3

Answer: B

Question 5

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 Result Management Perspective Assignment has not been linked.

B : The underlying model is not linked to Order to Cash.

C : The business owner was recently assigned the role and the worklist needs to be refreshed.

D : Worklist assignment does not include the business owner.

E : The Control Perspectives are not linked to the control.

Answer: D

Page: 1 / 16

Total 78 Questions | Updated On: Sep 12, 2024

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