Oracle 1z0-1058-23 Dumps Questions Answers

When setting up assessments in Financial Reporting Compliance, the following tasks should be completed:

• Identify the type of assessments included in each assessment cycle: This involves understanding the different assessment activities that will be conducted and ensuring they align with the objectives of the assessment cycle1.
• Determine if control assessments are planned ahead of time or are run impromptu: This task involves deciding whether the assessments will be scheduled as part of a batch (planned) or initiated on an individual basis (impromptu) as the need arises1.
• Determine whether assessments templates, plans, and completed assessments need to go through a review and approve workflow: This includes establishing a process for reviewing and approving the assessment templates, plans, and the assessments themselves to ensure they meet the required standards and objectives1.

References:

• The Oracle documentation on Financial Reporting Compliance provides detailed information on the overview of assessments, including the creation and management of assessment templates and plans, as well as the initiation of assessment batches or impromptu assessments1.
• Additional resources from Oracle outline the processes for setting up and completing assessments, emphasizing the importance of planning, scheduling, and reviewing assessments to ensure compliance and effective risk management234.

To identify key stakeholders for Financial Reporting Compliance Cloud, focus on individuals involved in certifying internal controls for regulatory mandates like SOX. These stakeholders are typically executives responsible for ensuring that the company’s financial reporting processes are compliant and reliable.

References:

• Oracle Financial Reporting Compliance Cloud Data Sheet1.
• Overview of Oracle Financial Reporting Compliance2.

• In the Controls page, open the record of the control in either view-only or edit mode.
• Click the control’s name, or select the record and choose the Edit option.
• In the record of the control, navigate to the Test Plans tab.
• A page displays a panel for each of the control assessment activities your organization has activated.
• Expand any panel to view the assessment plan for its activity.
• Define or modify a plan for an activity.
• If in edit mode, click the Create or Edit button (labeled with a pencil icon) in the panel for that activity.
• If in view-only mode, first select Actions > Edit Definition, then select the Create or Edit button for an activity.
• Update the test plan to include both Audit Test and Design Review as assessment types.

References:

• Oracle documentation on adding details and steps to a test plan1.
• Oracle documentation on creating or editing a test plan2.