Online Access Free 1Z0-1058 Practice Test

Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

• A.Identify the other roles to be provided for control managers.
• B.Identify users who will perform control review and approval.
• C.On the Controls tab of the Import template, set the control state to NEW for each control record.
• D.Identify the organizations or business units for which users will perform review or approval.

During implementation, you created a Financial Reporting Compliance superuser and assigned this user the following roles:
* Enterprise Risk and Control Manager
* IT Security Manager
* Employee
The superuser logs in to Financial Reporting Compliance but is not able to create new Data Security Policies.
What is wrong?

• A.The superuser's account is not yet approved by his or her supervisor in Financial Reporting Compliance.
• B.The superuser's account is created but the synchronization jobs have not been run.
• C.The superuser's account is inactive and his or her account needs to be activated.
• D.The application will not allow a user to both create users and assign them roles.

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.It is not possible to change the participants after Data Security Policies are assigned.
• D.Modify the perspective hierarchy in the last step of initiating assessments.
• E.Request the administrator to assign Data Security Policies with correct perspectives to the Assessor's job role.

How do you populate the Control Method field with a new custom value, such as a third-party application'?

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

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

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