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CIMAPRA17-BA3-1 Exam - Topic 1 Question 50 Discussion

Financial controls are needed in order to:
D) Ensure that procedures are in place to minimize the risk of error and fraud
A) Reduce the cost of the external audit
B) Ensure that the book-keeping system includes no errors
C) Ensure that the management accounts are produced regularly

CIMAPRA17-BA3-1 Exam - Topic 1 Question 50 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam
Question #: 50
Topic #: 1
[All CIMAPRA17-BA3-1 Questions]

Financial controls are needed in order to:

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Suggested Answer: D

by Gary at May 05, 2022, 06:49 AM

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Domonique
10 months ago
I think they just minimize risks, not eliminate them completely.
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Edda
10 months ago
For sure, regular management accounts are a must!
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Angelyn
11 months ago
Wait, can they really prevent all fraud? Seems too good to be true.
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Daniela
11 months ago
Totally agree, they catch errors before they become a problem.
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Ivette
11 months ago
Financial controls definitely help reduce audit costs!
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Tiera
11 months ago
I think the Prototype model would be best here since it allows for iterative development and feedback from the customer, which is important when they're not sure what they want.
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Mona
11 months ago
This is a straightforward question if you understand the fundamentals of the ActiveMatrix BusinessWorks engine. I'm confident I can identify the correct answer based on my knowledge of how the engine manages processes during a graceful shutdown.
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Merilyn
11 months ago
The key here is to focus on what the Blueprint's information flows actually deliver. I think I can narrow it down to a couple options.
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Alyce
11 months ago
Ah, I see what they're getting at. The immediacy of the technology isn't something we need to consider when crafting data archiving plans and policies. That must be the exception.
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