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CIMA Exam CIMAPRA19-P03-1 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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Marva
1 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
1 months ago
Shareholders? Really? They're too busy counting their money to worry about risk management. Good one!
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Ramonita
2 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
1 months ago
Yeah, it's definitely a team effort to manage risks effectively.
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Gertude
1 months ago
I agree, everyone in the entity should be responsible for risk management.
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Gearldine
2 months ago
But the COSO framework emphasizes that all members should be involved in managing risks to achieve objectives.
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Janna
2 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
2 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
24 days ago
Actually, under the COSO framework, it's not just limited to managers and directors.
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Becky
1 months ago
C) Managers and directors only.
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Georgene
2 months ago
Exactly, it's important for everyone to be involved in managing risks.
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Edmond
2 months ago
A) Every member of the entity.
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Rex
2 months ago
I disagree, I believe it's the board of directors only who are responsible.
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Gearldine
3 months ago
I think every member of the entity is responsible for risk management.
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