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CIMA Exam CIMAPRA19-P03-1 Topic 6 Question 72 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam
Question #: 72
Topic #: 6
[All CIMAPRA19-P03-1 Questions]

The Committee of Sponsoring Organisations (COSO) outlined six key principles of Enterprise Risk Management (ERM).

Which of the following are COSO key principles?

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Suggested Answer: A, B, D

by Lourdes at Jul 12, 2025, 05:18 AM

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Lashaunda
27 days ago
I believe C and E are also important, as they ensure accountability and a focus on all types of risks.
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Eileen
30 days ago
I agree with Glenn, those principles make sense for effective risk management.
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Glenn
2 months ago
I think the key principles are A, B, D.
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Gilberto
2 months ago
Gotta go with B, C, and D. A holistic approach, risk committee responsibility, and strategic alignment - that's the COSO way. Though I do wonder if they have a secret 7th principle: always have snacks on hand for risk meetings.
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Roselle
21 days ago
Having a risk committee responsible and aligning with business strategy are crucial for success.
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Kris
1 months ago
I agree, a holistic approach is key to effective risk management.
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Cherelle
2 months ago
E? Really? Considering only financial risk? That's like trying to put out a forest fire with a squirt gun. COSO is all about a big-picture view of enterprise risk.
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Loreta
18 days ago
A) The creation of a risk aware culture.
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Chara
2 months ago
I think the correct answer is B and D. A comprehensive and holistic approach to risk management, and considering risk management in the context of business strategy, are definitely COSO principles.
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Sage
1 months ago
Yes, B and D are definitely part of the six key principles of Enterprise Risk Management according to COSO.
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Justine
2 months ago
I think you're right, those are the key principles outlined by COSO.
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Pamella
2 months ago
I agree, B and D are indeed COSO key principles.
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