Online Access Free 1Z0-958 Practice Test

You are gathering requirements on how your client performs control assessments. Which three tasks should you complete to set up assessments in Financial Reporting Compliance? (Choose three.)

• A.Determine the main objectives of deploying the control.
• B.Determine if control assessments are planned ahead of time or are run impromptu.
• C.Understand the sample size for each audit test.
• D.Identify the type of assessments included in each assessment cycle.
• E.Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.

Select three fields that are required to create an impromptu assessment. (Choose three.)

• A.Name
• B.Activity
• C.Perspectives
• D.Template
• E.Due Date
• F.Reviewer

The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?

• A.The control manager should create a new test plan with Audit Test and Design Review as assessment types.
• B.The control manager does not need to update the control because any initiated assessment will include all control test plans.
• C.The control's test plan should be updated to Audit Test as the assessment type.
• D.The control's test plan should be updated to include both Audit Test and Design Review as assessment types.

Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now.
How can this be accomplished?

• A.On the Manage Assessments page, the assessor can select the assessment and click the Reopen button.
  He or she can then attach the document and resubmit the assessment.
• B.The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.
• C.The assessor can request the reviewer to attach the document during the review.
• D.On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.

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