Verified & Correct 1z0-1058-23 Practice Test Reliable Source Jul 28, 2024 Updated [Q39-Q62]

QUESTION 39
Which three statements are true about the purpose of perspectives? (Choose three.)

QUESTION 40
The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)

QUESTION 41
You are designing data for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)

QUESTION 42
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)

QUESTION 43
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.)

QUESTION 44
Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

QUESTION 45
Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

QUESTION 46
You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

QUESTION 47
The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?

QUESTION 48
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.

QUESTION 49
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?

QUESTION 50
You are implementing Advanced Access Controls for a client who wants to limit the seeded job role
“Application Access Auditor”. This job role should NOT include system configuration duties, but allows the user to monitor jobs schedules for Advanced Controls.
After the seeded job role is copied, that two duty roles should be removed to comply with the access restrictions? (Choose two.)

QUESTION 51
During implementation, you created a risk object and successfully mapped it to a control object. The client’s Risk Owner is able to access the risk but not the control.
Why did this happen?

QUESTION 52
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?

QUESTION 53
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.)

QUESTION 54
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

QUESTION 55
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

QUESTION 56
Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)

QUESTION 57
You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?

QUESTION 58
Which statement related to Advanced Access Controls is true?

QUESTION 59
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.)

QUESTION 60
After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?

QUESTION 61
At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

QUESTION 62
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?