[Jun 21, 2022] Passing Key To Getting 1Z0-1058-21 Certified Exam Engine PDF [Q16-Q39]

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[Jun 21, 2022] Passing Key To Getting 1Z0-1058-21 Certified Exam Engine PDF

1Z0-1058-21 Exam Dumps Pass with Updated Jun-2022 Tests Dumps

NO.16 You are helping your client identify and define their controls. You have determined that your client requires two perspectives: Business Units and Regulatory Standards.
The controls are going to be secured by the business unit, and you want to ensure that when the client defines new controls, it is mandatory to assign a Business Units perspective to the control. You are going to set the
“Required” field to “yes” for the Control-Business Units association.
Where do you do this in the product?

The Create Control screen

The Manage Object Perspectives screen

The Import template

The Create Perspectives screen

The Manage Module Perspectives screen

NO.17 Which controls can user A manage for the following Control Manager role Configuration? See details of perspective trees and control-perspective association below.

Allcontrols

Controls 2 and 4

Controls 1, 2, and 4

None

Controls 1 and 2

NO.18 You are building a transaction model to identify invoices with USD amounts that are greater than the supplier’s average invoice amount. The order of the filters is important.
1. Add an “Average” Function filter grouping by “Supplier ID” where “Invoice Amount” is greater than 0.
2. Add a standard filter where “Invoice Currency” equals “USD.”
3. Add a standard filter where the delivered “Average Value” attribute is less than “Invoice Amount.” What is the correct order of the filters for thistransaction model?

1, 3, 2

1, 2, 3

2, 3, 1

3, 2, 1

2, 1, 3

NO.19 A Control Manager has changed the status ofan issue to “In Remediation” and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?

In Review

Active

Reported

Approved

In Edit

NO.20 When validating imported data, the control manager at your client has identified anincorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
What needs to be done to fix the mapping?

Option A

Option B

Option C

Option D

NO.21 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?

NO.22 Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

On the Controls tab of the Import template, set the control state to NEW for each control record.

Identify the organizations or business units for which users will perform review or approval.

Identify users who will perform control review and approval.

Identify the other roles to be provided for control managers.

NO.23 Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)

Migrate the organization’s existing risk and control matrixinto Financial Reporting Compliance.

Complete control review and assessment for one period/cycle with the actual business owners.

Create a project plan with objectives, goals, and exit criteria.

Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.

Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.

NO.24 Which three steps can be performed by using the Configure Module Objectspages? (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.

NO.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 ofvalues 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.

NO.26 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.)

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.

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.

Navigate to the Create Access Global Condition page and createa 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.

In a model, create a new condition logic filter, select the within sameoperating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.

NO.27 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?

Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.

Configure Module Objects > Edit Risk Object Configuration > Treatment = Show

Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default

Configure Module Objects > Edit Control Object Configuration > Result = Show

Configure Module Objects > Edit Risk Object Configuration > Result = Show

NO.28 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 theperson 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.

NO.29 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?

One job will run for the two objects based on transactions dated before the Transaction Created As of Date.

One job will run for the two objects and the Transaction Created As of Date has no impact on the data.

One job will run for the two objects based on transactions dated afterthe Transaction Created As of Date.

Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.

NO.30 Select three fields that are required to createan impromptu assessment. (Choose three.)

Due Date

Template

Name

Reviewer

Perspectives

Activity

NO.31 How do you associate a risk to a control?

On the Related Controls tab of risk definition, add the control.

To associate a controlto a risk, the control needs to be in the Review state.

In the related object section of process definition, add the control to the risk.

On the Related Objects tab of control definition, add the risk.

The only way to create risk-control associations is through data import.

NO.32 Your customer needs to conduct monthly Operational Effectiveness assessments for controls acrosstwo 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 EMEA. Additionally, the Chief Risk Officer reviews the assessment results by BusinessProcess every week.
How should you design perspectives to achieve this?

Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.

Use the Region hierarchy initially, and later use both Region and BusinessProcess hierarchies for security.

Use both Region and Business Process hierarchies solely for reporting purposes.

Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.

NO.33 A user has created and submitted a new control and the state of the control is “In Review.” The user expected that the control state would change to “Approved.” Why is the control not in the “Approved” state?

This user is not a Control Approver; therefore, the status will be “In Review.”

The Control Reviewer role has been assigned to some users.

New controls must always be reviewed, irrespective of security configuration.

The Control Approver role has been assigned to someusers.

NO.34 You need to schedule the report “Access Violations by User.” Which two steps do you take to create thesaved parameters for the report schedule? (Choose two.)

Navigate to Administration Reports.

Highlight the report name and click Run Now.

Navigate to Scheduling under Setup and Administration.

Click Save Report Parameters to create savedsettings.

Select Display Scheduled Reports.

NO.35 Which two options can be assigned to a duty role? (Choose two.)

Functional Security Policy

Abstract Role

Data Security Policy

Job Role

NO.36 Youhave 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.)

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

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

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

To relate controls, risks must be assigned to the same perspective that isassigned to the control you want to map it to.

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

NO.37 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?

Data security policies for Controls were not created.

The Controls were not related to any risk objects.

The parent process was never approved.

The Control Method was not set to a valid value.

NO.38 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

NO.39 Which two activities can be performed using Financial Reporting Compliance? (Choose two.)