Free 1Z0-1058-20 Questions for Oracle Risk Management Cloud 2020 Implementation Essentials 1Z0-1058-20 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1058-20
Exam Name/Title: Oracle Risk Management Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Risk Management Cloud

Exam Questions: 77
Updated On: Jun 01, 2026

Question #1

You want to identify Controls with the most Incidents, with the condition that the identified Controlsshould have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

A. Pareto

B. Clustering

C. Mean

D. Absolute Deviation

E. Anomaly Detection

Discussion 0

Correct Answer: A Vote an answer

Question #2

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, youneed 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.

A. Theassessment associated to the issue must be completed before closing the issue. Only then can you close the issue.

B. On the Manage Issues page, highlight the issue and click the Close button.

C. Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.

D. After you have completed the remediation plan, click the Close button on the Remediation Plan page.

Discussion 0

Correct Answer: A Vote an answer

Question #3

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. Understand the sample size for each audit test.

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

C. Determinethe main objectives of deploying the control.

D. Identify the type of assessments included in each assessment cycle.

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

Discussion 0

Correct Answer: A,B,E Vote an answer

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 tousers 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 Region hierarchy initially, and later use both Region and Business Process hierarchies for security.

B. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.

C. Use the Region hierarchy for security and the BusinessProcess hierarchy for reporting of controls.

D. Use both Region and Business Process hierarchies solely for reporting purposes.

Discussion 0

Correct Answer: C Vote an answer

Question #5

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

A. Controls 1, 2, and 4

B. None

C. All controls

D. Controls 2 and 4

E. Controls 1 and 2

Discussion 0

Correct Answer: E Vote an answer

Question #6

When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?

A. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.

B. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.

C. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.

D. One job will run for the two objects based ontransactions dated before the Transaction Created As of Date.

Discussion 0

Correct Answer: B Vote an answer

Question #7

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.)

A. You cannot use the Data Migration tool to add control records to map to existing risks.

B. To relate controls to risks, the risks must be in"approved" state.

C. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.

D. You can use the Data Migration tool to add control records for the existing risks.

E. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.

Discussion 0

Correct Answer: D,E Vote an answer

Question #8

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 operational assessments for all controls.

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

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

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

E. He or she will beable to review only results of prior operational assessments for this control.

Discussion 0

Correct Answer: C Vote an answer

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