Oracle Risk Management Cloud 2022 Implementation Professional - 1z0-1058-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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. 8 C. 25 D. 16 E. 4

Discussion 0

Correct Answer: B Vote an answer

Question 2

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?

A. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process. B. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role. C. 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. D. 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.

Discussion 0

Correct Answer: A Vote an answer

Question 3

Which two options can be assigned to a duty role? (Choose two.)

A. Data Security Policy B. Job Role C. Abstract Role D. Functional Security Policy

Discussion 0

Correct Answer: A,D Vote an answer

Question 4

Which statement related to Advanced Access Controls is true?

A. If helps perform risk analysis and evaluation. B. It documents risks and controls. C. If helps enforce segregation of duties. D. It analyzes transaction records.

Discussion 0

Correct Answer: C Vote an answer

Question 5

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 an existing control, but not a new control. B. You can relate only process objects. C. You can relate a new process and a new control. D. You can relate only control objects.

Discussion 0

Correct Answer: C Vote an answer

Question 6

How do you associate a risk to a control?

A. In the related object section of process definition, add the control to the risk. B. To associate a control to a risk, the control needs to be in the Review state. C. The only way to create risk-control associations is through data import. D. On the Related Controls tab of risk definition, add the control. E. On the Related Objects tab of control definition, add the risk.

Discussion 0

Correct Answer: D Vote an answer

Question 7

After generating an XML file export of Advanced Controls perspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file? (Choose three.)

A. Navigate to Monitor Jobs and click the message link for the export job. B. Click the Export File button. C. Open with an HTML editor. D. Open with an XML editor, such as Excel. E. Click the Item Results link.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 8

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

A. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls. B. Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security. C. Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls. D. Use both Region and Business Process hierarchies solely for reporting purposes.

Discussion 0

Correct Answer: C Vote an answer