Online 1Z0-1058-25 Practice Test

Question 1

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.)

Options :

A : Identify the type of assessments included in each assessment cycle.

B : Understand the sample size for each audit test.

C : Determine if control assessments are planned ahead of time or are run impromptu.

D : Determine the main objectives of deploying the control.

E : Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow

Answer: A,B,C

Question 2

The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The

existing test plan is associated only with the Design Review assessment type.

How can this be accomplished?

Options :

A : The control manager should create a new test plan with Audit Test and Design Review as assessment types

B : The control’s test plan should be updated to include both Audit Test and Design Review as assessment types.

C : The control manager does not need to update the control because any initiated assessment will include all control test plans.

D : The control’s test plan should be updated to Audit Test as the assessment type.

Answer: B

Question 3

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.)

Options :

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.

Answer: C,D

Question 4

You have five business units in our company, BU1 through BU5. You want to build a transaction model to

identify suppliers who have been paid more than $100,000 USD across all business units except BU5.

Which two filters must be combined? (Choose two.)

Options :

A : Add a standard filter where the “Payment” object’s “Organization ID” equals BU1, BU2, BU3, BU4.

B : Add a function filter grouping by “Supplier ID” where the sum of “Payment Amount” is greater than 100,000

C : Add a function filter grouping by “Organization ID” where the sum of “Payment Amount” is greater than 100,000

D : Add a standard filter where the “Payment” object’s “Organization ID” equals BU5, and advanced option “Exclude” is checked.

E : Add a standard filter where the “Payment” object’s “Organization ID” is equal to itself.

Answer: A,C

Question 5

You are building a transaction model to identify invoices with USD amounts that are greater than the

supplier’s average invoice amount. The order of the filters is important.

1. Add an “Average” Function filter grouping by “Supplier ID” where “Invoice Amount” is greater than 0.

2. Add a standard filter where “Invoice Currency” equals “USD.”

3. Add a standard filter where the delivered “Average Value” attribute is less than “Invoice Amount.”

What is the correct order of the filters for this transaction model?

Options :

A : 1, 3, 2

B : 1, 2, 3

C : 2, 3, 1

D : 3, 2, 1

E : 2, 1, 3

Answer: B

EXPERTY DESIGNED 1Z0-1058-25 PRACTICE TEST