Oracle Updated 1z0-1058-23 Exam Questions and Answers by annabel

• Navigate to the Risk Management work area.
• Select the Manage Object Perspectives task.
• Search for the Control-Business Units association.
• In the Required field for the Control-Business Units association, set the value to Yes.
• Save and close the Manage Object Perspectives screen.

This action ensures that when new controls are defined, it is mandatory to assign a Business Units perspective to each control.

References:

• Oracle documentation on managing object perspectives1.

When an assessor is reviewing Prior Results as part of an operational assessment for a control, such as manual AP Invoice entry, they are able to view the results of prior operational assessments specifically for that control. This is because the system is designed to allow assessors to focus on the historical performance and evaluation of the control in question, providing a targeted and relevant overview of its effectiveness and any issues that have been identified in the past.

References:The information provided is based on the Oracle Risk Management documentation, which outlines the processes and capabilities of the system regarding operational assessments and the review of Prior Results1.

• Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls: This step initiates the process by accessing the Data Migration tool within the Advanced Controls module.
• Generate Template as Without Data – Perspectives Only: This step involves generating a template that is specifically tailored for perspective data without including any pre-existing data. This is suitable when the data to be uploaded has no relationships to data already existing in the target environment.
• Click the Create Import Template button: This final step creates the import template which can then be updated with the new perspective items before running the import process.

References:The information has been verified and is based on the Oracle Risk Management documentation, which provides detailed instructions on using the Data Migration tool12.

• Select the type of Oracle Financial Reporting Compliance object you want to relate to the advanced controls you’re deploying. You may select Process, Risk, or Control.
• Select ‘Add Related Object’.
• In a Search dialog, supply parameter values to list a filtered set of Oracle Financial Reporting Compliance objects.
• Click ‘Search’ to list the objects that satisfy your search parameters.
• From the list, select any number of objects, then click ‘OK’.
• As needed, select another type and add objects of that type by repeating steps 1 through 5.

This process allows you to relate new processes and controls to the Financial Reporting Compliance objects.

References:

• Overview of Oracle Financial Reporting Compliance1.
• Relate Controls to Financial Reporting Compliance Objects2.