1Z0-958 Online Practice Questions and Answers

Which three are true about implementing a best practice solution for Financial Reporting Compliance? (Choose three.)

A. Large scope of project requires high effort for maintenance and administration.

B. It promotes rapid implementation and go-live.

C. It promotes go-live with minimal acceptance testing and user training.

D. It provides maximum return on investment with minimum project risk.

E. It promotes successful adoption and minimizes on-going cost of operation.

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. On the Controls tab of the Import template, set the control state to NEW for each control record.

B. Identify the organizations or business units for which users will perform review or approval.

C. Identify users who will perform control review and approval.

D. Identify the other roles to be provided for control managers.

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. Initiate a planned assessment that includes all controls assigned to perspective P2P.

B. Perform impromptu assessments for the two controls.

C. Enable impromptu assessments during configuration of module objects.

D. Initiate a planned assessment and include the two controls as part of the same assessment.

E. Initiate two planned assessments, one for each control.

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 "Waiting for Approval" state.

B. The control goes into the "New" state.

C. The control goes into the "Approved" state.

D. The control goes into the "In Review" state.

You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?

A. Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.

B. Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.

C. Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.

D. Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.

You are working with the customer to gather Risk-Control data for the data import process. The customer has information in multiple formats. Which format should be used for importing the data?

A. .xlsx

B. .doc

C. .pdf

D. .xml

E. .txt

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

C. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy.

D. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.

Your client is configuring their Test pod (which has no data) and has created their initial import template

with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of

values for Control Frequency.

Which three tasks must be completed before performing the data import? (Choose three.)

A. Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

B. Validate that the control-perspective relationship has been created in Manage Module Perspectives.

C. Validate that new lookup values are created for any custom list of values.

D. Validate that there are no duplicate worksheet IDs within the same worksheet.

E. Validate that the System ID column is populated correctly.

Your client needs to perform Design Review and Certification assessment for all their controls. Identify two options that show how this requirement can be met. (Choose two.)

A. B. C. D. E.

You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates. However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?

A. The user will have the option to select the older or newer versions of the test plans during the assessment process.

B. The scheduled assessment process will end in error.

C. The assessment will be associated with the version of the test plans from the time of assessment initiation.

D. The updated test plans will become available during the assessment.