Easily To Pass New 1z0-1058-22 Premium Exam Updated [Nov 20, 2022]
1z0-1058-22 Certification All-in-One Exam Guide Nov-2022
NEW QUESTION 33
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
- A. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
- B. Identify users who will be responsible for creating and maintaining controls and/or risks.
- C. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
- D. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
Answer: A,C
NEW QUESTION 34
When you view or edit a transaction incident, you may see extra columns that are not present in the business objects used in the control.
What three kinds of control logic or conditions can cause this? (Choose three.)
- A. Equals (when the same attribute is used on both sides of the condition)
- B. Average Function
- C. Between (when using a date attribute)
- D. Not in
- E. Similar
Answer: B,C,D
NEW QUESTION 35
Your client has asked you to define a transaction model to identify duplicate invoices based on Invoice Numbers and Invoice Amounts.
Which two standard filters can be combined to accomplish this? (Choose two.)
- A. The "Payables Invoice" object's "Invoice Amount" is equal to itself.
- B. The "Payables Invoice" object's "Invoice Number" is equal to the "Payables Invoice" object's "Invoice ID."
- C. The "Payables Invoice" object's "Invoice Number" is equal to itself.
- D. The "Payables Invoice" object's "Invoice ID" is similar to the "Payables Invoice" object's "Invoice Number".
- E. The "Payables Invoice" object's "Supplier ID" does not equal itself.
Answer: B,E
NEW QUESTION 36
What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?
- A. The incident status changes to "Assigned."
- B. The incident is copied and a new incident is created based on the original incident.
- C. The incident is deferred.
- D. The incident remains in "Closed" status and additional remedial action cannot be taken.
- E. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
Answer: A,E
NEW QUESTION 37
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?
- A. From 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.
- B. Create 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.
- C. Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
- D. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
- E. From 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.
Answer: A
NEW QUESTION 38
Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)
- A. Status: Open; State: In Edit
- B. Status: On Hold; State: In Review
- C. Status: Open; State: Approved
- D. Status: On-Hold; State: Reported
- E. Status: On Hold; State: Awaiting Approval
- F. Status: Open; State: New
- G. Status: Closed; State: Final Close
- H. Status: Closed; State: Closed - Awaiting Approval
Answer: A,B,C,F
NEW QUESTION 39
You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
- A. Both R100 and C100 will be in the "Awaiting Approval" state.
- B. Both R100 and C100 will be in the "New" state.
- C. Both R100 and C100 will be in the "Approved" state.
- D. Both R100 and C100 will be in the "In Review" state.
Answer: A
NEW QUESTION 40
Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)
- A. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
- B. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
- C. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
- D. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
- E. In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
Answer: A,D
NEW QUESTION 41
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. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
NEW QUESTION 42
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)
- A. Assessments
- B. Perspectives
- C. Controls
- D. Risks
- E. Test Plans
- F. Processes
Answer: C,D,F
NEW QUESTION 43
You are implementing Advanced Financial Controls and you want to identify suspect transactions where the payment amount is less than $20 USD. However, you only want the results returned to be temporary.
What will you build in order to accomplish your objective?
- A. Filter
- B. Model
- C. Control
- D. Template
- E. Business object
Answer: B
NEW QUESTION 44
Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?
- A. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite
- B. Seeded Risk Issue Manager and Control Issue Manager
- C. Seeded Issue Manager Composite and Issue Validator Composite
- D. Seeded Issue Manager Composite
Answer: A
NEW QUESTION 45
You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)
- A. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option "Exclude" is checked.
- B. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
- C. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
- D. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
- E. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than 100,000.
Answer: C,D
NEW QUESTION 46
You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?
- A. The Control Method was not set to a valid value.
- B. The Controls were not related to any risk objects.
- C. The parent process was never approved.
- D. Data security policies for Controls were not created.
Answer: A
NEW QUESTION 47
You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?
- A. Remedy
- B. Resolved
- C. Authorized
- D. Remediation
- E. Accepted
Answer: D
NEW QUESTION 48
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
- A. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
- B. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
- C. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
- D. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
Answer: B
NEW QUESTION 49
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)
- A. It promotes rapid implementation and go-live.
- B. Large scope of project requires high effort for maintenance and administration.
- C. It promotes successful adoption and minimizes on-going cost of operation.
- D. It provides maximum return on investment with minimum project risk.
- E. It promotes go-live with minimal acceptance testing and user training.
Answer: A,C,D
NEW QUESTION 50
Which two options can be assigned to a duty role? (Choose two.)
- A. Functional Security Policy
- B. Job Role
- C. Abstract Role
- D. Data Security Policy
Answer: A,D
NEW QUESTION 51
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 has a related process.
- C. The Assessment Flag and the Audit Testing Flag are both set to "Y."
- D. The Control comment filed has a notation for "Audit Test."
Answer: B
NEW QUESTION 52
During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.
- A. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
- B. The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
- C. After you have completed the remediation plan, click the Close button on the Remediation Plan page.
- D. On the Manage Issues page, highlight the issue and click the Close button.
Answer: B
NEW QUESTION 53
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 process objects.
- B. You can relate a new process and a new control.
- C. You can relate only an existing control, but not a new control.
- D. You can relate only control objects.
Answer: B
NEW QUESTION 54
Which three steps can be performed by using the Configure Module Objects pages? (Choose three.)
- A. View assessment response details for all assessment types.
- B. Set "object-perspective" association.
- C. Edit the assessment activity question and guidance text for all assessment types.
- D. Choose display (or hide) configurable options for: results, events, consequences and treatments.
- E. Create object data import templates.
Answer: A,B,D
NEW QUESTION 55
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?
- A. Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
- B. Configure Module Objects > Edit Control Object Configuration > Result = Show
- C. Configure Module Objects > Edit Risk Object Configuration > Result = Show
- D. Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
- E. Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
Answer: B
NEW QUESTION 56
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. Identify the organizations or business units for which users will perform review or approval.
- B. On the Controls tab of the Import template, set the control state to NEW for each control record.
- C. Identify users who will perform control review and approval.
- D. Identify the other roles to be provided for control managers.
Answer: A,C
NEW QUESTION 57
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