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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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Samira
3 days ago
A delivery incentive sounds smart! Keeps the expert motivated.
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Latosha
8 days ago
Not sure if a coalition will actually change anything.
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Shaquana
14 days ago
I think option B makes the most sense. Better to plan for the worst.
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Renea
19 days ago
Sounds like they need to act fast to avoid penalties!
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Rebecka
24 days ago
Not sure if building a coalition will actually help in this situation.
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Vincent
29 days ago
A delivery incentive contract could really motivate the expert!
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Tamar
1 month ago
Wait, can they really renegotiate the deadline? That seems unlikely.
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Freida
1 month ago
I think option D is the best way to go. Risk management is key!
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Lina
1 month ago
Sounds like a tight deadline! They need to act fast.
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Kallie
2 months ago
I think building a coalition might be too ambitious given the time constraints. It seems like a longer-term strategy rather than a quick fix for this urgent issue.
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Estrella
2 months ago
I feel like generating a delivery incentive contract could be a good move, but what if the fiscal expert still can't meet the deadline?
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Keneth
2 months ago
This scenario reminds me of a practice question we did about managing regulatory changes. I think creating fine and closure scenarios could really help in understanding the potential impacts.
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Buck
4 months 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.
upvoted 0 times
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