Online Access Free 1Z1-1058 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.Identify the type of assessments included in each assessment cycle.
• B.Understand the sample size for each audit test.
• C.Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow.
• D.Determine if control assessments are planned ahead of time or are run impromptu.
• E.Determine the main objectives of deploying the control.

How do you associate a risk to a control?

• A.In the related object section of process definition, add the control to the risk.
• B.On the Related Objects tab of control definition, add the risk.
• C.On the Related Controls tab of risk definition, add the control.
• D.The only way to create risk-control associations is through data import.
• E.To associate a control to a risk, the control needs to be in the Review state.

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 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.Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the 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.Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role.

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.Select Actions > Create Access Control from the "Controls" tab of Advanced Controls.
• 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. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created.
• D.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.
• E.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.