Oracle 1Z0-1058-20 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-1058-20
Exam Name/Title: Oracle Risk Management Cloud 2020 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Risk Management Cloud

Exam Questions: 77
Updated On: Jun 20, 2026

Question #1

You have scheduled quarterly assessments for a Control object at the beginning of the year with futuredates.
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 updated test plans will become available during the assessment.

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

C. The scheduled assessment process will end in error.

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

Discussion 0

Correct Answer: B Vote an answer

Question #2

How do youassociate a risk to a control?

A. To associate a control to a risk, the control needs to be in the Review state.

B. On the Related Controls tab of risk definition, add the control.

C. On the Related Objects tab of control definition, add the risk.

D. The only way to create risk-control associations is through data import.

E. In the related object section of process definition, add the control tothe risk.

Discussion 0

Correct Answer: B Vote an answer

Question #3

Your customer has a requirement to define an IT Compliance Manager job role with privileges to manage risks and controls, and the issues related to the risks and controls.
What are the duty roles that must be included in this job role to achieve this requirement?

A. Seeded Issue Manager Composite

B. Seeded Risk Manager Composite, Control Manager Composite, and Issue Manager Composite

C. Seeded Risk Issue Manager and Control Issue Manager

D. Seeded Issue Manager Composite and IssueValidator Composite

Discussion 0

Correct Answer: B Vote an answer

Question #4

After adding a new control in Financial Reporting Compliance, the control owner clicks Submit. Users with theControl Reviewer and Control Approver roles exist.
What is the expected outcome?

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

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

C. The control goes into the "Waiting for Approval" state.

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

Discussion 0

Correct Answer: B Vote an answer

Question #5

An assessor is trying to complete an operational assessment on a control for manual AP Invoice entry and is reviewing Prior Results.
Which statement is true about viewing Prior Results for this control?

A. He or she will be able to review results of all prior assessments of all types for this control.

B. He or she will beable to review only results of prior operational assessments for this control.

C. He or she will be able to review results of all prior Audit tests and operational assessments for this control.

D. He or she will be able to review results of all prior operational assessments for all controls.

E. He or she will be able to review results of all prior assessments of all types for all controls.

Discussion 0

Correct Answer: C Vote an answer

Question #6

You are designing data for data import. The customer decided that they want to secure controls based on their company organization.
Which three worksheets of the import template are required to accomplish this requirement? (Choose three.)

A. Controls

B. Perspective Items

C. Perspective-Control

D. Control Test Plans

Discussion 0

Correct Answer: A,B,D Vote an answer

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Question #7

You want to identify Controls with the most Incidents, with the condition that the identified Controlsshould have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

A. Mean

B. Anomaly Detection

C. Absolute Deviation

D. Clustering

E. Pareto

Discussion 0

Correct Answer: E Vote an answer

Question #8

Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

A. All controls

B. Only Control 1

C. Controls 2 and 3

D. None

E. Controls 1, 2, and 3

Discussion 0

Correct Answer: C Vote an answer

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