Online Access Free 1Z1-1058 Exam Questions

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

Which three statements are true about the purpose of perspectives? (Choose three.)

• A.Perspectives are used to enable data security on Financial Reporting Compliance objects.
• B.Perspectives can be used to represent regional hierarchies.
• C.Perspectives can be used for categorizing Financial Reporting Compliance objects.
• D.Perspectives can be used to define user privileges.
• E.Perspectives enable functional security in Financial Reporting Compliance.

You have created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?

• A.Both R100 and C100 will be in the "Approved" state.
• B.Both R100 and C100 will be in the "Awaiting Approval" state.
• C.Both R100 and C100 will be in the "New" state.
• D.Both R100 and C100 will be in the "In Review" state.

You are implementing Advanced Access Controls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?

• A.Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, and select the entitlement you created.
• B.From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
• C.Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
• D.Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
• E.From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created.

You can relate objects in Financial Reporting Compliance. Which statement is true about editing or creating related objects in the Related Objects section on the Risk Definition page?

• A.You can relate only an existing control, but not a new control.
• B.You can relate only process objects.
• C.You can relate a new process and a new control.
• D.You can relate only control objects.