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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?

AEvery member of the entity.

BThe board of directors only.

CManagers and directors only.

DThe shareholders.

Show Suggested Answer

Suggested Answer: A, B, D

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

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Kara

8 months ago

Sounds right, but shareholders should have a say too!

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Myra

9 months ago

Nope, it's not just for managers and directors.

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Alita

9 months ago

Wait, really? I thought it was just the board.

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Antonette

9 months ago

Totally agree, it's a team effort.

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Lore

9 months ago

Every member of the entity is responsible!

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Tomoko

9 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

9 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

9 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

10 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

10 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

10 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

10 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

10 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

1 year 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

1 year ago

Shareholders? Really? They're too busy counting their money to worry about risk management. Good one!

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Marti

1 year 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

1 year ago

C) Managers and directors only.

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Mammie

1 year ago

A) Every member of the entity.

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Ramonita

1 year 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

1 year ago

Yeah, it's definitely a team effort to manage risks effectively.

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Gertude

1 year ago

I agree, everyone in the entity should be responsible for risk management.

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Gearldine

1 year ago

But the COSO framework emphasizes that all members should be involved in managing risks to achieve objectives.

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Janna

1 year 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

1 year 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

1 year ago

Actually, under the COSO framework, it's not just limited to managers and directors.

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Becky

1 year ago

C) Managers and directors only.

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Georgene

1 year ago

Exactly, it's important for everyone to be involved in managing risks.

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Edmond

1 year ago

A) Every member of the entity.

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Rex

1 year ago

I disagree, I believe it's the board of directors only who are responsible.

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Gearldine

1 year ago

I think every member of the entity is responsible for risk management.

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