Oracle Risk Management Cloud 2018 - 1Z1-958 Exam Questions [2026]

QUESTION NO: 1
How do you add values to a Risk Type list of values?

A. Use the default lookup codes because there is no way to update the existing ones. B. Add the lookup codes to the GRC_RISK_TYPE Lookup Type. C. Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be. D. Populate the Import template with the new values in the Issue Severity column on the Controls tab. E. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.

Correct Answer: E

QUESTION NO: 2
Which two options can be assigned to a duty role? (Choose two.)

A. Functional Security Policy B. Data Security Policy C. Abstract Role D. Job Role

Correct Answer: A,B

QUESTION NO: 3
At the last step of initiating assessments, the assessment manager sees who the assessment participants are (to complete, review, and approve the assessments). If the assessment manager wants to change the participant, who completes the assessment, what should he or she do?

A. Request the administrator to change the Perspective in Data Security Policy for the Control Manager's job role. B. Modify the participant list in the last step of initiating assessments. C. Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role. D. Modify the perspective hierarchy in the last step of initiating assessments. E. It is not possible to change the participants after Data Security Policies are assigned.

Correct Answer: B

QUESTION NO: 4
How do you populate the Control Method field with a new custom value, such as a third-party application'?

A. Use Lookup Meaning of the new lookup value. B. Enter the new value directly in the Control method field. C. Use Lookup Code of the new lookup value. D. Use Lookup Type of the new lookup value.

Correct Answer: B

QUESTION NO: 5
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 underlying model is not linked to Order to Cash. B. The Result Management Perspective Assignment has not been linked. C. Worklist assignment does not include the business owner. D. The Control Perspectives are not linked to the control. E. The business owner was recently assigned the role and the worklist needs to be refreshed.

Correct Answer: C

QUESTION NO: 6
Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

A. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank. B. Function filter grouping by "Taxpayer ID" where count is greater than 1. C. Function filter grouping by "Supplier ID" where count is greater than 1. D. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself. E. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.

Correct Answer: A,C

QUESTION NO: 7
Which two activities can be performed using Financial Reporting Compliance? (Choose two.)

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

Correct Answer: C,D

QUESTION NO: 8
You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

A. .xml B. .xlsx C. .pdf D. .txt E. .doc

Correct Answer: A