Free Practice Oracle 1Z0-1058-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Risk Management Cloud 2024 Implementation Professional 1Z0-1058-24 Dumps Practice Questions

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Total 78 Questions | Updated On: May 23, 2024

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Question 1

Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

A : Function filter grouping by “Supplier ID” where count is greater than 1.

B : Standard filter where the “Supplier” object’s “Supplier ID” is equal to itself.

C : Function filter grouping by “Taxpayer ID” where count is greater than 1.

D : Standard filter where the “Supplier” object’s “Allow Withholding Tax” is not blank.

E : Standard filter where the “Supplier” object’s “Taxpayer ID” is not blank.

Answer: A

Question 2

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 : To relate controls to risks, the risks must be in “approved” state.

B : You cannot use the Data Migration tool to add control records to map to existing risks.

C : You can use the Data Migration tool to add control records for the existing risks.

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 manually add control definitions and relate them to the risks in Financial Reporting Compliance.

Answer: C,D

Question 3

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 : Open with an XML editor, such as Excel.

B : Navigate to Monitor Jobs and click the message link for the export job.

C : Click the Item Results link.

D : Click the Export File button.

E : Open with an HTML editor.

Answer: A,B,D

Question 4

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 : Identify the type of assessments included in each assessment cycle.

B : Understand the sample size for each audit test.

C : Determine if control assessments are planned ahead of time or are run impromptu.

D : Determine the main objectives of deploying the control.

E : Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow

Answer: A,B,C

Question 5

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is

reviewing Prior Results.

Which statement is true about viewing Prior Results for this control?

A : He or she will be able to review results of all prior assessments of all types for this control.

B : He or she will be able to review results of all prior Audit tests and operational assessments for this control.

C : He or she will be able to review only results of prior operational assessments for this control.

D : He or she will be able to review results of all prior operational assessments for all controls.

E : He or she will be able to review results of all prior assessments of all types for all controls.

Answer: B

Page: 1 / 16

Total 78 Questions | Updated On: May 23, 2024

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