Oracle Risk Management Cloud 2023 Implementation Professional

QUESTION NO: 1
Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

A. Identify users who will be responsible for creating and maintaining controls and/or risks. B. Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting. C. Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives. D. Identify lookup values that need to be created for Control, Risk, and Issue Type fields.

Correct Answer: A,B

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QUESTION NO: 2
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.)

A. Access Control Manager B. Access Model Manager C. Advanced Control System Administrator D. Application Data Source Manager E. Access incident Results Manager

Correct Answer: A,C

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QUESTION NO: 3
After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with the Control Reviewer and Control Approver roles exist.
What is the expected outcome?

A. The control goes into the "In Review" state. B. The control goes into the "New" state. C. The control goes into the "Approved" state. D. The control goes into the "Waiting for Approval" state.

Correct Answer: D

QUESTION NO: 4
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 status changes to "Assigned." B. The incident is copied and a new incident is created based on the original incident. C. The incident remains in "Closed" status and assigned users receive a notification that additional access incidents have been identified. D. The incident remains in "Closed" status and additional remedial action cannot be taken. E. The incident is deferred.

Correct Answer: B

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QUESTION NO: 5
How do you identify Financial Reporting Compliance Cloud's key stakeholders?

A. Identify users who will create customer invoices, and receive and apply customer payments. B. Identify users who need to create and submit expense reports easily. C. Identify executives who need to certify internal controls for SOX or similar mandates. D. Identify executives who will manage customer balances and recognize revenue.

Correct Answer: C

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QUESTION NO: 6
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.)

A. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role. B. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy. C. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region. D. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role.

Correct Answer: A,C

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QUESTION NO: 7
During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?

A. The Risk Administrator needs to run the synchronize jobs to populate the mapping. B. The Risk Owner account is inactive. C. The risk and control objects are inactive and need to be made active. D. The Risk Owner role does not have the right privileges.

Correct Answer: D

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QUESTION NO: 8
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

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Oracle Risk Management Cloud 2023 Implementation Professional - 1z0-1058-23 Exam Questions