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Oracle 1Z0-1058-21 real answers - Oracle Risk Management Cloud 2021 Implementation Essentials

1Z0-1058-21
  • Exam Code: 1Z0-1058-21
  • Exam Name: Oracle Risk Management Cloud 2021 Implementation Essentials
  • Updated: Oct 16, 2025
  • Q & A: 77 Questions and Answers
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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

1. 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) Option B
B) Option E
C) Option D
D) Option C
E) Option A


2. During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not validand with Status: Open and State: Reported.
Identify the correct step to close this issue.

A) On the Manage Issues page, highlight the issue and click the Close button.
B) Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
C) After you have completed the remediation plan, click the Close button on the Remediation Plan page.
D) The assessment associated to the issue must be completed before closing the issue.Only then can you close the issue.


3. 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 if control assessments are planned ahead of time or are run impromptu.
B) Understand the sample size for each audit test.
C) Determine the main objectives of deploying the control.
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.


4. When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?

A) One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
B) Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
C) One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
D) One job will run for the two objects based on transactions dated afterthe Transaction Created As of Date.


5. What would happen to an access incident in Advanced Access Controls (AAC) that has been remediated and has a status of "Closed," but poses a conflict again during a subsequent evaluation of controls?

A) The incident is copied and a new incident is created based on the original incident.
B) The incident is deferred.
C) The incident remains in "Closed" status and additional remedial action cannot be taken.
D) The incident remains in "Closed" status and assigned users receive a notification that additional accessincidents have been identified.
E) The incident status changes to "Assigned."


Solutions:

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

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