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Oracle 1z0-1058-23

1z0-1058-23

Exam Code: 1z0-1058-23

Exam Name: Oracle Risk Management Cloud 2023 Implementation Professional

Updated: Jun 02, 2026

Q&A Number: 77 Q&As

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Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

1. 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 "In Review" state.
B) The control goes into the "Waiting for Approval" state.
C) The control goes into the "New" state.
D) The control goes into the "Approved" state.


2. 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) The assessor can request the reviewer to attach the document during the review.
B) 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.
C) 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.
D) 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.


3. Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only to users in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?

A) Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security.
B) Use the Region hierarchy for security and the Business Process hierarchy for reporting of controls.
C) Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls.
D) Use both Region and Business Process hierarchies solely for reporting purposes.


4. Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

A) Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
B) Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
C) Identify users who will be responsible for creating and maintaining controls and/or risks.
D) Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.


5. Which statement related to Advanced Access Controls is true?

A) It analyzes transaction records.
B) It documents risks and controls.
C) If helps enforce segregation of duties.
D) If helps perform risk analysis and evaluation.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: B,C
Question # 5
Answer: C

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