Free Practice Oracle 1Z0-1058-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Risk Management Cloud 2024 Implementation Professional 1Z0-1058-24 Dumps Practice Questions

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Total 78 Questions | Updated On: Mar 26, 2025

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Question 1

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?

A : Data security policies for Controls were not created.

B : The Controls were not related to any risk objects.

C : The parent process was never approved.

D : The Control Method was not set to a valid value.

Answer: D

Question 2

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?

A : 1, 3, 2

B : 1, 2, 3

C : 2, 3, 1

D : 3, 2, 1

E : 2, 1, 3

Answer: B

Question 3

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?

A : The control manager should create a new test plan with Audit Test and Design Review as assessment types

B : The control’s test plan should be updated to include both Audit Test and Design Review as assessment types.

C : The control manager does not need to update the control because any initiated assessment will include all control test plans.

D : The control’s test plan should be updated to Audit Test as the assessment type.

Answer: B

Question 4

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is

reviewing Prior Results.

Which statement is true about viewing Prior Results for this control?

A : He or she will be able to review results of all prior assessments of all types for this control.

B : He or she will be able to review results of all prior Audit tests and operational assessments for this control.

C : He or she will be able to review only results of prior operational assessments for this control.

D : He or she will be able to review results of all prior operational assessments for all controls.

E : He or she will be able to review results of all prior assessments of all types for all controls.

Answer: B

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.)

A : Identify the type of assessments included in each assessment cycle.

B : Understand the sample size for each audit test.

C : Determine if control assessments are planned ahead of time or are run impromptu.

D : Determine the main objectives of deploying the control.

E : Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow

Answer: A,B,C

Page: 1 / 16

Total 78 Questions | Updated On: Mar 26, 2025

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