[Mar 28, 2022] Pass Your 1Z0-1058-21 Dumps Free Latest Oracle Practice Tests [Q27-Q41]

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[Mar 28, 2022] Pass Your 1Z0-1058-21 Dumps Free Latest Oracle Practice Tests

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NEW QUESTION 27
Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list ofvalues for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)

Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

Validate that the control-perspective relationship has been created in Manage Module Perspectives.

Validate that new lookup values are created for any custom list of values.

Validate that there are no duplicate worksheet IDs within the same worksheet.

Validate that the System ID column is populated correctly.

NEW QUESTION 28
How do you identify Financial Reporting Compliance Cloud’s key stakeholders?

Identify users who need to create and submit expense reports easily.

Identify users who will create customer invoices, andreceive and apply customer payments.

Identify executives who need to certify internal controls for SOX or similar mandates.

Identify executives who will manage customer balances and recognize revenue.

NEW QUESTION 29
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?

Seeded Issue Manager Composite and Issue Validator Composite

Seeded Risk Issue Manager and Control Issue Manager

Seeded Issue Manager Composite

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

NEW QUESTION 30
During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not validand with Status: Open and State: Reported.
Identify the correct step to close this issue.

On the Manage Issues page, highlight the issue and click the Close button.

The assessment associated to the issue must be completed before closing the issue.Only then can you close the issue.

After you have completed the remediation plan, click the Close button on the Remediation Plan page.

Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.

NEW QUESTION 31
Select three fields that are required to createan impromptu assessment. (Choose three.)

Due Date

Template

Name

Reviewer

Perspectives

Activity

NEW QUESTION 32
You are validating your customer’s import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?

The Assessment Flag and the Audit Testing Flag are both set to “Y.”

The Control has a related process.

The Control status filed is set to “Audit Test.”

The Control comment filed has a notation for “Audit Test.”

NEW QUESTION 33
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.

NEW QUESTION 34
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?

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

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

He or she will be able to review only results of prior operational assessments for this control.

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

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

NEW QUESTION 35
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

On the Controls tab of the Import template, set the control state to NEW for each control record.

Identify the organizations or business units for which users will perform review or approval.

Identify users who will perform control review and approval.

Identify the other roles to be provided for control managers.

NEW QUESTION 36
Youhave created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?

Both R100 and C100 will be in the “In Review” state.

Both R100 and C100 will be in the “Awaiting Approval” state.

Both R100 and C100 will be in the “Approved” state.

Both R100 and C100 will be in the “New” state.

NEW QUESTION 37
Which three riskassessment activity types are available in Financial Reporting Compliance? (Choose three.)

Design Review

Qualitative Analysis

Quantitative Analysis

Certify

Audit

Assess Risk

NEW QUESTION 38
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.

Clickthe Create Import Template button.

NEW QUESTION 39
Which two should youdetermine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.

Identify lookupvalues that need to be created for Control, Risk, and Issue Type fields.

Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.

Identify users who will be responsible for creating andmaintaining controls and/or risks.

NEW QUESTION 40
The control manager needs to associate an existing test plan to an additional assessment type,Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?

The control manager should create a new test plan with Audit Test and Design Review as assessment types.

The control’s testplan should be updated to include both Audit Test and Design Review as assessment types.

The control manager does not need to update the control because any initiated assessment will include all control test plans.

The control’s test plan should be updated to Audit Test as the assessment type.

NEW QUESTION 41
A user has created and submitted a new control and the state of the control is “In Review.” The user expected that the control state would change to “Approved.” Why is the control not in the “Approved” state?

This user is not a Control Approver; therefore, the status will be “In Review.”

The Control Reviewer role has been assigned to some users.

New controls must always be reviewed, irrespective of security configuration.

The Control Approver role has been assigned to someusers.