1Z1-958 Exam Training Practice Tests (Oracle Risk Management Cloud 2018)]

Question 1

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?

A. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role. B. Modify the perspective hierarchy in the last step of initiating assessments. C. Modify the participant list in the last step of initiating assessments. D. It is not possible to change the participants after Data Security Policies are assigned. E. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role.

Correct Answer: C

Question 2

You are implementing Advanced Access Controls for a client who wants to limit the seeded job role
"Application Access Auditor". This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)

A. Access incident Results Manager B. Access Model Manager C. Advanced Control System Administrator D. Access Control Manager E. Application Data Source Manager

Correct Answer: A,B

Question 3

You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will be analyzed?

A. 20 B. 4 C. 16 D. 8 E. 25

Correct Answer: D

Question 4

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?

A. Construct two models, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment" B. Construct one model with three condition filters where the Function Name Equals "Create Supplier",
"Create Invoice" and "Create Payment" C. Construct three controls, and create controls based on the models: "Create Supplier & Create Invoice",
"Create Invoice & Create Payment", "Create Supplier & Create Payment" D. Construct one entitlement: "Create Supplier & Create Invoice & Create Payment" E. Construct one model: "Create Supplier & Create Invoice & Create Payment"

Correct Answer: E

Question 5

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. Enable impromptu assessments during configuration of module objects. B. Initiate a planned assessment that includes all controls assigned to perspective P2P. C. Initiate two planned assessments, one for each control. D. Perform impromptu assessments for the two controls. E. Initiate a planned assessment and include the two controls as part of the same assessment.

Correct Answer: A,B,C

Question 6

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.)

A. Understand the sample size for each audit test. B. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow. C. Determine the main objectives of deploying the control. D. Identify the type of assessments included in each assessment cycle. E. Determine if control assessments are planned ahead of time or are run impromptu.

Correct Answer: A,B,E

Question 7

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?

A. The Control status filed is set to "Audit Test." B. The Control comment filed has a notation for "Audit Test." C. The Assessment Flag and the Audit Testing Flag are both set to "Y." D. The Control has a related process.

Correct Answer: D

Question 8

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 users who will perform control review and approval. C. Identify the other roles to be provided for control managers. D. Identify the organizations or business units for which users will perform review or approval.

Correct Answer: B,D

Oracle Risk Management Cloud 2018 - 1Z1-958 Exam Practice Test