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BICSI RCDDv14.1 Exam - Topic 4 Question 71 Discussion

A regional finance program is impacted by a new currency regulation issued by a country in the region. The new regulation requires changes to the financial statements of that country's branches by the end of the fiscal year Failing to comply with the regulation may result in fines and/or closure of the branches. A branch general manager immediately meets with the program manager to select and secure a local fiscal expert to support the regulation as these types of resources are in high demand. There is a high risk that the changes will not be completed on time if the resource is not securedWhat should the program manager do to address the risk?
A) Build a coalition with local companies that can influence the government to renegotiate the imposed deadline
B) Create fine and closure scenarios to assess the impact on the program and create a contingency plan
C) Generate a delivery incentive contract with the selected fiscal expert to ensure on-time delivery of the revised financial statements
D) Assess the risk incorporate it in the program's risk management plan and meet with the steering committee

BICSI RCDDv14.1 Exam - Topic 4 Question 71 Discussion

Actual exam question for BICSI's RCDDv14.1 exam
Question #: 71
Topic #: 4
[All RCDDv14.1 Questions]

A regional finance program is impacted by a new currency regulation issued by a country in the region. The new regulation requires changes to the financial statements of that country's branches by the end of the fiscal year Failing to comply with the regulation may result in fines and/or closure of the branches. A branch general manager immediately meets with the program manager to select and secure a local fiscal expert to support the regulation as these types of resources are in high demand. There is a high risk that the changes will not be completed on time if the resource is not secured

What should the program manager do to address the risk?

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Suggested Answer: A

by Shoshana at May 11, 2026, 06:53 AM

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Buck
26 days ago
I remember discussing the importance of risk assessment in our last class, but I'm not sure if just incorporating it into the risk management plan is enough.
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