Most Recent Oracle 1Z0-1058-23 Exam Questions & Answers

Prepare for the Oracle Risk Management Cloud 2023 Implementation Professional exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-1058-23 exam and achieve success.

The questions for 1Z0-1058-23 were last updated on Nov 20, 2024.

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Question No. 1

Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

AReview and approve the accuracy and completeness of control descriptions.

BGain real-time access to live financial data and proactively resolve issues.

CContinuously monitor financial transactions and role-based remediation of transaction incidents.

DReview control assessment results, along with any effectiveness issues found.

EProvide self-service access to reporting and analysis against financial transactions.

FConduct intuitive audits of general ledger balances with journal details.

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Correct Answer: A, C

Question No. 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?

AThe Result Management Perspective Assignment has not been linked.

BThe underlying model is not linked to Order to Cash.

CThe business owner was recently assigned the role and the worklist needs to be refreshed.

DWorklist assignment does not include the business owner.

EThe Control Perspectives are not linked to the control.

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Correct Answer: D

Question No. 3

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?

AFrom 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.

BSelect Actions > Create Access Control from the ''Controls'' tab of Advanced Controls.

CCreate an access model from the ''Models'' tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.

DFrom 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.

ECreate 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.

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Correct Answer: D

Question No. 4

At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

AModify the perspective hierarchy in the last step of initiating assessments.

BModify the participant list in the last step of initiating assessments.

CRequest the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.

DIt is not possible to change the participants after Data Security Policies are assigned.

ERequest the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.

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Correct Answer: B

Question No. 5

Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EME

AAdditionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?

AUse the Region hierarchy for security and the Business Process hierarchy for reporting of controls.

BUse the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.

CUse both Region and Business Process hierarchies solely for reporting purposes.

DUse the Business Process hierarchy for security and the Region hierarchy for reporting of controls.

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Correct Answer: A, A

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