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

Which of the following are the Committee of Sponsoring Organisations (COSO) key principles of enterprise risk management?Select ALL that apply.
B) The creation of a risk aware culture and D) Consideration of risk management in the context of business strategy and E) A comprehensive and holistic approach to risk management
A) Consideration of the main risk only which is financial risk
C) Risk management is the responsibility of the risk committee

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

Actual exam question for CIMA's CIMAPRO19-P03-1 exam
Question #: 5
Topic #: 7
[All CIMAPRO19-P03-1 Questions]

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

Select ALL that apply.

Show Suggested Answer Hide Answer
Suggested Answer: B, D, E

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

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Benton
10 months ago
Agreed, A seems way too narrow-minded for COSO principles.
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Fabiola
10 months ago
Wait, is A really a principle? That sounds off.
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Verlene
11 months ago
C is a bit misleading, isn't it? Risk management should be everyone's job!
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Francoise
11 months ago
I think D is super important too.
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Wilbert
11 months ago
Definitely B and E! Those are key principles.
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Salley
11 months ago
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
11 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
11 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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