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NEW QUESTION 23
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Use Lookup Type of the new lookup value.
- B. Enter the new value directly in the Control method field.
- C. Use Lookup Code of the new lookup value.
- D. Use Lookup Meaning of the new lookup value.
Answer: B
NEW QUESTION 24
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. .pdf
- D. .xlsx
- E. .txt
Answer: A
NEW QUESTION 25
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 of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)
- A. Validate that there are no duplicate worksheet IDs within the same worksheet.
- B. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
- C. Validate that new lookup values are created for any custom list of values.
- D. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
- E. Validate that the System ID column is populated correctly.
Answer: B,C,E
NEW QUESTION 26
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.)
- A. Average Function
- B. Equals (when the same attribute is used on both sides of the condition)
- C. Similar
- D. Not in
- E. Between (when using a date attribute)
Answer: A,D,E
NEW QUESTION 27
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)
- A. It promotes go-live with minimal acceptance testing and user training.
- B. It promotes rapid implementation and go-live.
- C. It promotes successful adoption and minimizes on-going cost of operation.
- D. Large scope of project requires high effort for maintenance and administration.
- E. It provides maximum return on investment with minimum project risk.
Answer: B,C,E
NEW QUESTION 28
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.)
- A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.
- B. Generate Template as Without Data - Perspectives Only.
- C. Generate Template as Without Data.
- D. Click the Create Import Template button.
- E. Navigate to Manage Module Perspectives.
Answer: A,C,E
NEW QUESTION 29
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)
- A. On the Controls tab of the Import template, set the control state to NEW for each control record.
- B. Identify the organizations or business units for which users will perform review or approval.
- C. Identify users who will perform control review and approval.
- D. Identify the other roles to be provided for control managers.
Answer: B,C
NEW QUESTION 30
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.)
- A. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
- B. The "Payables Invoice" object's "Invoice Number" is equal to itself.
- C. The "Payables Invoice" object's "Invoice Amount" is equal to itself.
- D. The "Payables Invoice" object's "Supplier ID" does not equal itself.
- E. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
Answer: A,D
NEW QUESTION 31
Which three tasks should be completed before starting the Financial Reporting Compliance implementation? (Choose three.)
- A. Migrate the organization's existing risk and control matrix into Financial Reporting Compliance.
- B. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- C. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
- D. Complete control review and assessment for one period/cycle with the actual business owners.
- E. Create a project plan with objectives, goals, and exit criteria.
Answer: B,C,D
NEW QUESTION 32
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
- A. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
- B. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
- C. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- D. Configure Module Objects > Edit Control Object Configuration > Result = Show
- E. Configure Module Objects > Edit Risk Object Configuration > Result = Show
Answer: D
NEW QUESTION 33
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?
- A. Functional Security Policy
- B. Data Security Policy
- C. Composite Duty Role
- D. Job Role Perspective Policy
Answer: D
NEW QUESTION 34
You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)
- A. Highlight the report name and click Run Now.
- B. Click Save Report Parameters to create saved settings.
- C. Navigate to Administration Reports.
- D. Select Display Scheduled Reports.
- E. Navigate to Scheduling under Setup and Administration.
Answer: A,B
NEW QUESTION 35
You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?
- A. You can relate only process objects.
- B. You can relate only control objects.
- C. You can relate only an existing control, but not a new control.
- D. You can relate a new process and a new control.
Answer: D
NEW QUESTION 36
You have 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?
- A. Both R100 and C100 will be in the "In Review" state.
- B. Both R100 and C100 will be in the "Approved" state.
- C. Both R100 and C100 will be in the "New" state.
- D. Both R100 and C100 will be in the "Awaiting Approval" state.
Answer: D
NEW QUESTION 37
Select three fields that are required to create an impromptu assessment. (Choose three.)
- A. Perspectives
- B. Reviewer
- C. Activity
- D. Template
- E. Due Date
- F. Name
Answer: D,E,F
NEW QUESTION 38
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.)
- A. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- B. You cannot use the Data Migration tool to add control records to map to existing risks.
- C. To relate controls to risks, the risks must be in "approved" state.
- D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
- E. You can use the Data Migration tool to add control records for the existing risks.
Answer: D,E
NEW QUESTION 39
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.)
- A. Status: On Hold; State: Awaiting Approval
- B. Status: Closed; State: Final Close
- C. Status: On-Hold; State: Reported
- D. Status: Open; State: In Edit
- E. Status: Closed; State: Closed - Awaiting Approval
- F. Status: Open; State: New
- G. Status: Open; State: Approved
- H. Status: On Hold; State: In Review
Answer: D,F,G,H
NEW QUESTION 40
The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls? (Choose three.)
- A. Initiate a planned assessment that includes all controls assigned to perspective P2P.
- B. Initiate two planned assessments, one for each control.
- C. Enable impromptu assessments during configuration of module objects.
- D. Perform impromptu assessments for the two controls.
- E. Initiate a planned assessment and include the two controls as part of the same assessment.
Answer: A,B,C
NEW QUESTION 41
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.)
- A. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
- B. The incident is resolved using simulation in AAC 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. A user sets the Status of the incident to "Resolved".
- E. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
Answer: A,C
NEW QUESTION 42
Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.
- A. All controls
- B. Controls 1 and 2
- C. Controls 1, 2, and 4
- D. None
- E. Controls 2 and 4
Answer: B
NEW QUESTION 43
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1z0-1058-22 Exam Practice Questions prepared by Oracle Professionals: https://testking.vceengine.com/1z0-1058-22-vce-test-engine.html
