Free Oracle Risk Management Cloud 2020 Implementation Essentials Exam 1Z0-1058-20 Exam Practice Test

You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?

• Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.
• Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
• Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
• Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.

Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

• Test Plans
• Assessments
• Processes
• Perspectives
• Risks
• Controls References:

When validating imported data, the control manager at your client has identified an incorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk

• What needs to be done to fix the mapping?
• Option A
• Option B
• Option C
• Option D

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 test plan 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.

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?

• 20
• 16
• 8
• 4
• 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.)

• 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. References:

Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)

• Choose display (or hide) configurable options for: results, events, consequences and treatments.
• Set ''object-perspective'' association.
• Create object data import templates.
• Edit the assessment activity question and guidance text for all assessment types.
• View assessment response details for all assessment types. References:

Which three statements are true about the purpose of perspectives? (Choose three.)

• Perspectives can be used to define user privileges.
• Perspectives can be used for categorizing Financial Reporting Compliance objects.
• Perspectives can be used to represent regional hierarchies.
• Perspectives are used to enable data security on Financial Reporting Compliance objects.
• Perspectives enable functional security in Financial Reporting Compliance. References:

You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.Which pattern filter must you now apply?

• Anomaly Detection
• Mean
• Pareto
• Absolute Deviation
• Clustering References:

During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:Enterprise Risk and Control ManagerIT Security ManagerEmployeeThe superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.What is wrong?

• The superuser's account is inactive and his or her account needs to be activated.
• The application will not allow a user to both create users and assign them roles.
• The superuser's account is created but the synchronization jobs have not been run.
• The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.