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CIMAPRA19-P03-1 Exam - 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, 04:18 AM

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Filiberto
4 months ago
B is spot on, holistic approach is crucial!
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Tasia
4 months ago
C sounds off to me, risk management is broader than just a committee.
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Tequila
4 months ago
A is definitely one of the principles!
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Luis
5 months ago
Wait, E can't be right, right? Only focusing on financial risk seems too narrow.
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Coral
5 months ago
I think D is also a key one.
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Fernanda
5 months ago
I know that considering risk in the context of business strategy is important, so I think option D is definitely one of the key principles.
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Carmen
5 months ago
I’m a bit confused about whether risk management being the responsibility of the risk committee is a principle. It feels like it could be, but I can't recall for sure.
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Alison
6 months ago
I remember practicing a question about a holistic approach to risk management. That sounds familiar, so I might go with option B.
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Ryann
6 months ago
I think the creation of a risk-aware culture is definitely one of the principles, but I'm not entirely sure about the wording.
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Tayna
6 months ago
Hmm, I'm a little confused. The COSO principles seem to be more about the overall approach to risk management, not just the responsibilities of a risk committee. I'll need to re-read the question and options carefully.
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Jonelle
6 months ago
Ah, I remember now! The COSO principles cover things like creating a risk-aware culture and considering risk in the context of business strategy. I'll make sure to select those key points.
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Maryann
6 months ago
Okay, let me think this through. I remember the COSO principles emphasize a comprehensive, holistic approach to risk management, not just focusing on financial risk. I'll select the options that align with that.
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Abel
7 months ago
Hmm, I'm a bit unsure about this one. I know COSO has principles for ERM, but I can't recall them off the top of my head. I'll need to think through each option carefully.
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Judy
7 months ago
This seems pretty straightforward. I'm confident I can identify the COSO key principles based on the options provided.
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Lashaunda
9 months 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
9 months ago
I agree with Glenn, those principles make sense for effective risk management.
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Glenn
9 months ago
I think the key principles are A, B, D.
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Gilberto
9 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
8 months ago
Having a risk committee responsible and aligning with business strategy are crucial for success.
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Kris
9 months ago
I agree, a holistic approach is key to effective risk management.
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Cherelle
9 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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Roslyn
7 months ago
D) Consideration of risk management in the context of business strategy.
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Herminia
7 months ago
B) A comprehensive and holistic approach to risk management.
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Loreta
8 months ago
A) The creation of a risk aware culture.
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Chara
10 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
9 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
9 months ago
I think you're right, those are the key principles outlined by COSO.
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Pamella
9 months ago
I agree, B and D are indeed COSO key principles.
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