Oracle 1z0-1058-23 : Oracle Risk Management Cloud 2023 Implementation Professional

1z0-1058-23 real exams

Exam Code: 1z0-1058-23

Exam Name: Oracle Risk Management Cloud 2023 Implementation Professional

Updated: Sep 10, 2026

Q & A: 77 Questions and Answers

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Oracle 1z0-1058-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management Cloud Overview- Introduction to Oracle Risk Management Cloud
  • 1. Key components and architecture
    • 2. Risk Management Cloud offerings
      Topic 2: Financial Reporting Compliance- Controls and assessments
      • 1. Control lifecycle management
        • 2. Assessments and certifications
          - Perspectives and security
          • 1. Role-based access control
            • 2. Perspective design and usage
              Topic 3: Advanced Financial Controls- Modeling controls
              • 1. Filters and business objects
                • 2. Control models and templates
                  - Transaction analysis
                  • 1. Result management and reporting
                    • 2. Detecting anomalies and suspicious transactions
                      Topic 4: Advanced Access Controls- Access modeling
                      • 1. User and role assignments
                        • 2. Access points and entitlements

                          Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:

                          Question #1

                          You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
                          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 assessment will be associated with the version of the test plans from the time of assessment initiation.
                          • B. The updated test plans will become available during the assessment.
                          • 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.
                          Answer: A

                          Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                          Question #2

                          A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?

                          • A. New controls must always be reviewed, irrespective of security configuration.
                          • B. The Control Reviewer role has been assigned to some users.
                          • C. The Control Approver role has been assigned to some users.
                          • D. This user is not a Control Approver; therefore, the status will be "In Review."
                          Answer: D

                          Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                          Question #3

                          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?

                          • A. The control's test plan should be updated to Audit Test as the assessment type.
                          • B. The control manager should create a new test plan with Audit Test and Design Review as assessment types.
                          • C. The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
                          • D. The control manager does not need to update the control because any initiated assessment will include all control test plans.
                          Answer: C

                          Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                          Question #4

                          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 operational assessments for all controls.
                          • B. He or she will be able to review only results of prior operational assessments for this control.
                          • C. He or she will be able to review results of all prior assessments of all types for all controls.
                          • D. He or she will be able to review results of all prior assessments of all types for this control.
                          • E. He or she will be able to review results of all prior Audit tests and operational assessments for this control.
                          Answer: B

                          Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

                          Question #5

                          You have imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
                          Which two statements are true? (Choose two.)

                          • A. To relate controls to risks, the risks must be in "approved" state.
                          • B. You can use the Data Migration tool to add control records for the existing risks.
                          • C. You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
                          • D. To relate controls, risks must be assigned to the same perspective that is assigned to the control you want to map it to.
                          • E. You cannot use the Data Migration tool to add control records to map to existing risks.
                          Answer: A,C

                          Explanation: Only visible for ITexamReview members. You can sign-up / login (it's free).

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