Online Access Free 1Z0-958 Exam Questions

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?

• A.Configure Module Perspectives > Edit Financial Reporting Compliance > Risk-Organization mapping set to required, active.
• B.Configure Module Objects > Edit Risk Object Configuration > Treatment = Show
• C.Configure Module Objects > Edit Control Object Configuration > Result = Show
• D.Configure Module Objects > Edit Risk Object Configuration > Treatment = Hide and Default
• E.Configure Module Objects > Edit Risk Object Configuration > Result = Show

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 Manage Object Perspectives screen
• D.The Create Control screen
• E.The Create Perspectives screen

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?

• A.The Control status filed is set to "Audit Test."
• B.The Control comment filed has a notation for "Audit Test."
• C.The Assessment Flag and the Audit Testing Flag are both set to "Y."
• D.The Control has a related process.

What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?

• A.The incident is deferred.
• B.The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified.
• C.The incident is copied and a new incident is created based on the original incident.
• D.The incident remains in "Closed" status and additional remedial action cannot be taken.
• E.The incident status changes to "Assigned."

Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

• A.Conduct intuitive audits of general ledger balances with journal details.
• B.Review control assessment results, along with any effectiveness issues found.
• C.Gain real-time access to live financial data and proactively resolve issues.
• D.Continuously monitor financial transactions and role-based remediation of transaction incidents.
• E.Review and approve the accuracy and completeness of control descriptions.
• F.Provide self-service access to reporting and analysis against financial transactions.