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Oracle 1Z1-958 Exam Syllabus Topics:
| Section | Objectives |
| Assessments and Monitoring | - Certification and review workflows
- Operational effectiveness assessments
|
| Reporting and Compliance Insights | - Using analytics for compliance monitoring
- Risk reporting fundamentals
|
| Risk and Control Implementation | - Risk definitions and control design
- Relationships between risks and controls
|
| Risk Management Cloud Overview | - Key components and use cases
- Purpose and features of Oracle Risk Management Cloud
|
| Data Migration and Integration | - Importing risk and control data
- Managing perspectives and hierarchies
|
| Security and Access Control | - Functional and data-level access control in risk management
- Configuring security roles and data policies
|
Oracle Risk Management Cloud 2018 Sample Questions:
Question 1
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?
A. The Control Perspectives are not linked to the control.
B. The Result Management Perspective Assignment has not been linked.
C. The underlying model is not linked to Order to Cash.
D. Worklist assignment does not include the business owner.
E. The business owner was recently assigned the role and the worklist needs to be refreshed.
Question 2
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.)
A. A user sets the State of the incident to "Remediate".
B. The incident is resolved in Fusion Cloud and a subsequent evaluation of controls finds that the incident no longer exists.
C. A user sets the Status of the incident to "Resolved".
D. A global condition was added that resolves the conflict and a subsequent evaluation of controls finds that the incident no longer exists.
E. The incident is resolved using simulation in AAC and a subsequent evaluation of controls finds that the incident no longer exists.
Question 3
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 Module Perspectives screen
B. The Import template
C. The Create Control screen
D. The Create Perspectives screen
E. The Manage Object Perspectives screen
Question 4
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. Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
B. Determine if control assessments are planned ahead of time or are run impromptu.
C. Determine the main objectives of deploying the control.
D. Understand the sample size for each audit test.
E. Identify the type of assessments included in each assessment cycle.
Question 5
During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT Security Manager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?
A. The superuser's account is created but the synchronization jobs have not been run.
B. The application will not allow a user to both create users and assign them roles.
C. The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
D. The superuser's account is inactive and his or her account needs to be activated.
Solutions:
Question 1 Answer: D | Question 2 Answer: A,B | Question 3 Answer: D | Question 4 Answer: A,B,D | Question 5 Answer: A |