CIMAPRO19-P03-1 Exam - Topic 7 Question 5 Discussion

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

Question #: 5
Topic #: 7

Which of the following are the Committee of Sponsoring Organisations (COSO) key principles of enterprise risk management?

Select ALL that apply.

AConsideration of the main risk only which is financial risk

BThe creation of a risk aware culture

CRisk management is the responsibility of the risk committee

DConsideration of risk management in the context of business strategy

EA comprehensive and holistic approach to risk management

Show Suggested Answer

Suggested Answer: B, D, E

by Dierdre at May 03, 2022, 01:37 PM

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6 months ago

Definitely B and E! Those are key principles.

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Hmm, this is a tricky one. I'm not sure if I should touch the evidence at all or wait for a senior investigator. Option D seems safest, but I don't want to miss anything important. Maybe I'll read through the reference material again to see if I can find a clearer answer.

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Dorothy

6 months ago

Ah, I've seen this kind of issue before. I'm pretty confident that checking the Urgent Priority checkbox is the way to go.

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Willie

7 months ago

I'm not entirely sure, but isn't matching to sample more about identifying similar objects rather than just selecting one?

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CIMAPRO19-P03-1 Exam - Topic 7 Question 5 Discussion

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