1Z0-1058 Exam Questions and Answers | Exam-Dumps.net (Page: 1)

QUESTION: 1

Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now.

How can this be accomplished?

The assessor can request the reviewer to attach the document during the review.
On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.
The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.
On the Manage Assessments page, the assessor can select the assessment and click the Reopen button.
He or she can then attach the document and resubmit the assessment.

Answer(s): D

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QUESTION: 2

An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.

Which transaction model will identify payments made to these companies?

Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
You cannot define this model because imported objects from a file cannot be used with delivered objects.
Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".

Answer(s): D

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QUESTION: 3

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 this transaction model?

1, 3, 2
1, 2, 3
2, 3, 1
3, 2, 1
2, 1, 3

Answer(s): B

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QUESTION: 4

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 some users.

Answer(s): A

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QUESTION: 5

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.)

Identify the type of assessments included in each assessment cycle.
Understand the sample size for each audit test.
Determine if control assessments are planned ahead of time or are run impromptu.
Determine the main objectives of deploying the control.
Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

Answer(s): B,C,E

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Oracle 1Z0-1058 Exam (page: 1)
Oracle Risk Management Cloud 2019
Updated on: 11-Nov-2025

Access free 1Z0-1058 actual exam questions, answers, explanations and user discussions.

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Oracle 1Z0-1058 Exam (page: 1) Oracle Risk Management Cloud 2019 Updated on: 11-Nov-2025

Access free 1Z0-1058 actual exam questions, answers, explanations and user discussions.

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Oracle 1Z0-1058 Exam (page: 1)
Oracle Risk Management Cloud 2019
Updated on: 11-Nov-2025