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CIMAPRA19-P03-1 Exam - Topic 5 Question 17 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam
Question #: 17
Topic #: 5
[All CIMAPRA19-P03-1 Questions]

Under the COSO Enterprise Risk Management Framework, who is responsible for risk management?

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Suggested Answer: A, B, D

by Rima at Oct 14, 2022, 08:52 PM

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Kara
4 months ago
Sounds right, but shareholders should have a say too!
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Myra
4 months ago
Nope, it's not just for managers and directors.
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Alita
4 months ago
Wait, really? I thought it was just the board.
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Antonette
4 months ago
Totally agree, it's a team effort.
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Lore
4 months ago
Every member of the entity is responsible!
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Tomoko
5 months ago
I recall the board has a significant role, but I don’t think it’s just them. A sounds more inclusive, but I could be wrong.
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Coral
5 months ago
I’m torn between A and C. I know managers have a role, but does that exclude others?
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Markus
5 months ago
I practiced a question like this, and I feel like it emphasized that everyone in the organization plays a role in risk management. So, A seems right.
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Casandra
5 months ago
I think I remember that risk management is a collective responsibility, so maybe it's A? But I'm not entirely sure.
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Sylvie
5 months ago
This question seems to be testing our knowledge of managing multiple Kubernetes clusters in a hybrid and multi-cloud environment. I think the key is to understand the different approaches and scenarios that can be used.
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Delpha
5 months ago
Hmm, I'm a bit unsure about this one. The OmniScript structure panel has a lot of details, and I want to make sure I understand how the JSON code should match up. I'll need to take my time and analyze each option closely.
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Nilsa
5 months ago
I'm a little confused by this question. I know OSHA has a lot of different standards, but I'm not sure which one specifically covers noise levels. I'll have to make an educated guess on this one.
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Yvonne
5 months ago
I think the Home tab has the gadget for calls, but I'm not completely sure. It could also be under My Statistics.
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Marva
9 months ago
If the shareholders were in charge of risk management, we'd all be in a world of trouble. They'd probably invest in a company that makes whoopee cushions or something.
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Carman
10 months ago
Shareholders? Really? They're too busy counting their money to worry about risk management. Good one!
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Marti
8 months ago
Shareholders may not be directly involved in risk management, but it's important for everyone in the entity to be responsible.
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Lezlie
8 months ago
C) Managers and directors only.
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Mammie
8 months ago
A) Every member of the entity.
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Ramonita
10 months ago
Managers and directors? That's way too narrow. Risk management is like a team sport - everyone's gotta be involved!
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Bettina
9 months ago
Yeah, it's definitely a team effort to manage risks effectively.
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Gertude
9 months ago
I agree, everyone in the entity should be responsible for risk management.
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Gearldine
10 months ago
But the COSO framework emphasizes that all members should be involved in managing risks to achieve objectives.
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Janna
10 months ago
The board of directors should be the ones in charge. They're the ones with the big fancy titles, after all.
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Ryan
11 months ago
Well, it's clearly the responsibility of every member of the entity according to the COSO framework. Anything less would be a recipe for disaster!
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Rosina
9 months ago
Actually, under the COSO framework, it's not just limited to managers and directors.
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Becky
10 months ago
C) Managers and directors only.
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Georgene
10 months ago
Exactly, it's important for everyone to be involved in managing risks.
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Edmond
10 months ago
A) Every member of the entity.
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Rex
11 months ago
I disagree, I believe it's the board of directors only who are responsible.
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Gearldine
11 months ago
I think every member of the entity is responsible for risk management.
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