Online Access Free 1Z0-1058 Practice Test

Which three risk assessment activity types are available in Financial Reporting Compliance? (Choose three.)

• A.Certify
• B.Quantitative Analysis
• C.Assess Risk
• D.Audit
• E.Qualitative Analysis
• F.Design Review

The internal auditor advised the Control Owner of North America to perform assessment for two P2P controls.
Which three steps can the Control Owner perform to kick-off assessments for only those two controls?
(Choose three.)

• A.Enable impromptu assessments during configuration of module objects.
• B.Perform impromptu assessments for the two controls.
• C.Initiate a planned assessment and include the two controls as part of the same assessment.
• D.Initiate a planned assessment that includes all controls assigned to perspective P2P.
• E.Initiate two planned assessments, one for each control.

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 model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.
• 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.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.
• D.Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
• E.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.

You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)

• A.Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
  "Exclude" is checked.
• B.Add a standard filter where the "Payment" object's "Organization ID" is equal to itself.
• C.Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
  100,000.
• D.Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.
• E.Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.

You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

• A.Absolute Deviation
• B.Mean
• C.Anomaly Detection
• D.Clustering
• E.Pareto