CIMAPRO19-P03-1 Exam - Topic 4 Question 114 Discussion

Question

A publicly funded hospital has put various features in place in an attempt to improve strategic control and create an improved control environment.

Which TWO of the followingfeatures are most likely to meet this objective?

Ricarda · Accepted Answer

A) An Audit Committee consisting of five independent persons with expertise in finance, human resources, and medicine. and C) The setting up of a Risk Management Committee to examine the strategic risks applicable to the entity and to formally report on a quarterly basis.

Ricarda · Answer

B) A strict policy of capping the maximum salary payable to any employee at 110% of the average earned by that category of employee in the country in which the hospital is located.

Ricarda · Answer

D) Ensuring that allmedical staff are aware that their first priority should be to discharge patients as quickly as possible at all times so as to minimise wasting hospital resources.

Ricarda · Answer

E) Ensuring that the Head of Internal Audit examines and authorises all expense claims by hospital staff.