CIMA Exam CIMAPRO19-P03-1 Topic 4 Question 59 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 59
Topic #: 4

Which TWO of the following are reasons for a company to comply with the Committee of Sponsoring Organisations of the Treadway Commission 2017 Enterprise Risk Management Framework (COSO Framework)?

AComplying with the COSO Framework will mean all employees of a company will comply with internal controls

BComplying with the COSO Framework will mean that a company's internal controls will work properly

CComplying with the COSO Framework will mean there is a good structure to a company's risk management system

DComplying with the COSO Framework will mean that all staff will understand a company's risk management system

EComplying with the COSO Framework will improve a company's reputation

Show Suggested Answer

Suggested Answer: C, D

by Cyril at Dec 21, 2023, 10:57 PM

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Mariann

4 days ago

I believe A and D are also important reasons. Complying with the COSO Framework will ensure all employees comply with internal controls and understand the company's risk management system.

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Jacqueline

5 days ago

I agree with you, Lashawnda. Complying with the COSO Framework will provide a good structure to a company's risk management system and improve its reputation.

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Han

6 days ago

Yes, C and E are the correct answers. The COSO Framework provides a structure for risk management, and compliance with it can improve a company's reputation.

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Lashawnda

6 days ago

I think the reasons for a company to comply with the COSO Framework are C and E.

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Eve

11 days ago

I see your points, but I believe complying with the COSO Framework will improve a company's reputation as well.

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Heidy

13 days ago

I agree with that, but I also think complying with the COSO Framework will mean there is a good structure to a company's risk management system.

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Refugia

17 days ago

I think complying with the COSO Framework will mean all employees will comply with internal controls.

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