2022 Valid 1Z0-1058-21 Exam Updates - 2022 Study Guide
1Z0-1058-21 Certification - The Ultimate Guide [Updated 2022]
NEW QUESTION 44
You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements:
* Incident results can be viewed by Department
* Groups of investigators receive assigned incidents based on Department
* Must ensure systematically that no incident is unassigned to an investigator Which three must be configured to support these requirements? (Choose three.)
- A. Worklist assignment Result Investigator should be set to "All Eligible Users"
- B. Worklist assignment Result Investigator should be set to specific users.
- C. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only.
- D. Custom perspective for Department linked to the Results object with Required set to "No"
- E. Investigators are assigned job roles with custom Department perspective data roles attached. Other incidentusers receive job roles which only allow viewing of incidents.
- F. Custom perspective for Department linked to the Results object with Required set to "Yes"
Answer: A,B,E
NEW 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.)
- A. Identify the other roles to be provided for control managers.
- B. Identify the organizations or business units for which users will perform review or approval.
- C. On the Controls tab of the Import template, set the control state to NEW for each control record.
- D. Identify users who will perform control review and approval.
Answer: B,D
NEW QUESTION 46
You havecreated security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
* EMEA P2P Control Manager Job Role
* Seeded Control Manager Duty Composite
* Seeded Control Certification Assessor Duty Composite
* EMEA P2P Control Manager Data Security Policy
* Seeded Control Manager Data Security Policy
* Perspective filter where Region Perspective "equals" EMEA
* Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)
- A. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.
- B. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.
- C. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.
- D. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.
Answer: A,B
NEW QUESTION 47
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?
- A. The scheduled assessment process will end in error.
- B. The assessment will be associated with the version of the testplans from the time of assessment initiation.
- C. The user will have the option to select the older or newer versions of the test plans during the assessment process.
- D. The updated test plans will become available during the assessment.
Answer: B
NEW QUESTION 48
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 E
- B. Option B
- C. Option D
- D. Option C
- E. Option A
Answer: C,E
NEW QUESTION 49
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?
- A. The Risk Administrator needs to run the synchronize jobs to populate the mapping.
- B. The Risk Owner account is inactive.
- C. The risk and control objects are inactive and need to be made active.
- D. The Risk Owner role does not have the right privileges.
Answer: D
NEW QUESTION 50
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.)
- A. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
- B. You cannot use the Data Migration tool to add control records to map to existing risks.
- C. To relate controls to risks, the risks must be in "approved" state.
- D. To relate controls, risks must be assigned to the same perspective that isassigned to the control you want to map it to.
- E. You can use the Data Migration tool to add control records for the existing risks.
Answer: D,E
NEW QUESTION 51
Which three tasks should be completed before starting the Financial Reporting Compliance implementation?
(Choose three.)
- A. Create a project plan with objectives, goals, and exit criteria.
- B. Complete control review and assessment for one period/cycle with the actual business owners.
- C. Identify Financial Reporting Compliance users for everyday use, administration, and sustained use.
- D. Plan to go-live with a simple scope and later expand the solution to include additional business units/organizations/compliance frameworks.
- E. Migrate the organization's existing risk and control matrixinto Financial Reporting Compliance.
Answer: B,C,D
NEW QUESTION 52
How do you populate the Control Method field with a new custom value, such as a third-party application'?
- A. Enter the new value directly in the Control method field.
- B. Use Lookup Type of the new lookup value.
- C. Use Lookup Code of the new lookup value.
- D. Use Lookup Meaning of the new lookup value.
Answer: A
NEW QUESTION 53
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.)
- A. Validate that there are no duplicate worksheet IDs within the same worksheet.
- B. Validate that the control-perspective relationship has been created in Manage Module Perspectives.
- C. Validate that new lookup values are created for any custom list of values.
- D. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
- E. Validate that the System ID column is populated correctly.
Answer: C,D,E
NEW QUESTION 54
Howdo you add values to a Risk Type list of values?
- A. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.
- B. Use the default lookup codes because there is no way to update the existing ones.
- C. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.
- D. Populate the Import template with the new values in the Issue Severity column on the Controls tab.
- E. Because you cannot add new values, updateone of the existing lookup codes to what the client wants it to be.
Answer: A
NEW QUESTION 55
Which three statements are true about the purpose of perspectives? (Choose three.)
- A. Perspectives are used to enable data security on Financial Reporting Compliance objects.
- B. Perspectives can be used for categorizing Financial Reporting Compliance objects.
- C. Perspectives can be used to represent regional hierarchies.
- D. Perspectives enable functional security in Financial Reporting Compliance.
- E. Perspectives can be used to define user privileges.
Answer: A,C,D
NEW QUESTION 56
Your client has configured separate roles for control assessor and controlassessment 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?
- A. 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.
- B. The assessor can request the reviewer to attach the document during the review.
- C. 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.
- D. On the Manage Assessments page, the assessor canselect the assessment and click the Reopen button.He or she can then attach the document and resubmit the assessment.
Answer: D
NEW QUESTION 57
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?
- A. The Manage Object Perspectives screen
- B. The Create Control screen
- C. The Create Perspectives screen
- D. The Import template
- E. The Manage Module Perspectives screen
Answer: C
NEW QUESTION 58
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. 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.
- B. 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.
- C. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
- D. 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.
- E. 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.
Answer: D,E
NEW QUESTION 59
You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)
- A. There was no Control Type associated with the controls.
- B. The Perspective Hierarchy is not in the Approved state.
- C. No risks were mappedto the imported controls.
- D. The Perspective Hierarchy was not associated to the Control Object.
- E. The Control Manager was not given the correct data security policy to access the controls.
Answer: A,C,E
NEW QUESTION 60
......
1Z0-1058-21 Practice Exam and Study Guides - Verified By TestValid: https://www.testvalid.com/1Z0-1058-21-exam-collection.html