Prep and try our 1Z1-958 valid and latest training questions & answers

Oracle 1Z1-958 Exam Overview:

Oracle 1Z1-958 Exam Syllabus Topics:

Oracle Risk Management Cloud 2018 Sample Questions:

Question 1

Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)

A. Option A
B. Option B
C. Option D
D. Option C
E. Option E

Question 2

Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

A. Provide self-service access to reporting and analysis against financial transactions.
B. Gain real-time access to live financial data and proactively resolve issues.
C. Review and approve the accuracy and completeness of control descriptions.
D. Continuously monitor financial transactions and role-based remediation of transaction incidents.
E. Review control assessment results, along with any effectiveness issues found.
F. Conduct intuitive audits of general ledger balances with journal details.

Question 3

Which two would need to happen in order for Advanced Access Controls (AAC) to automatically assign a status of "Closed" to an access incident? (Choose two.)

A. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
B. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
C. A user sets the Status of the incident to "Resolved".
D. A user sets the State of the incident to "Remediate".
E. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.

Question 4

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

Question 5

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. 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.
B. 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.
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. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.

Solutions: