Guaranteed High Marks with Updated & Real 1z0-1058-22 Dumps pdf Free Updates [Q40-Q64]

QUESTION 40
Which statement related to Advanced Access Controls is true?

QUESTION 41
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.)

QUESTION 42
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?

QUESTION 43
You are validating your customer’s import template before import. The customer requires that all controls be set up so they are noted to be used for the Audit Test assessment type. How do you verify that this has been done?

QUESTION 44
Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?

QUESTION 45
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.)

QUESTION 46
Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

QUESTION 47
You need to schedule the report “Access Violations by User.” Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)

QUESTION 48
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?

QUESTION 49
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 50
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?

QUESTION 51
Your client has subscribed to Financial Reporting Compliance and would like to address risks using treatment plans.
Which option shows the settings that will help in achieving this configuration?

QUESTION 52
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 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 of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)

QUESTION 54
Identify the four statuses and states in which you can edit an issue’s description, assuming you have the necessary privileges to edit the issue. (Choose four.)

QUESTION 55
How do you associate a risk to a control?

QUESTION 56
How do you add values to a Risk Type list of values?

QUESTION 57
Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

QUESTION 58
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 to users in North America and likewise for EME A.
Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?

QUESTION 59
Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

QUESTION 60
You have created 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.)

QUESTION 61
The GRC Business owner responsible for reviewing and investigating access incidents related to the “Order to Cash” perspective does not see any worklists for the generated results. You have validated that:
1. Other business owners are able to view their assigned worklists without any problem
2. Incidents have been generated for the controls related to Order to Cash
3. The business owner’s assigned roles contain the correct functional privileges and data access to the correct perspective values What is the reason the business owner cannot see any worklists for the generated incidents?

QUESTION 62
Which two options can be assigned to a duty role? (Choose two.)

QUESTION 63
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?

QUESTION 64
Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?