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?

AThe creation of a risk aware culture.

BA comprehensive and holistic approach to risk management.

CRisk management is the responsibility of the risk committee.

DConsideration of risk management in the context of business strategy.

EConsideration of the main risk only which is financial risk.

Show Suggested Answer

Suggested Answer: A, B, D

by Lourdes at Jul 12, 2025, 04:18 AM

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Cherelle

5 days 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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Chara

8 days 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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Justine

17 hours ago

I think you're right, those are the key principles outlined by COSO.

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Pamella

2 days ago

I agree, B and D are indeed COSO key principles.

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