CIMAPRA19-P03-1 Exam

Certification Provider: CIMA

Exam Name: P3 Risk Management (Online)

Number of questions in our database: 275

Exam Version: May. 13, 2023

CIMAPRA19-P03-1 Exam Official Topics:

Topic 1: Evaluate the source and impact of reputational risks/ Analyse risks associated with formulating strategy
Topic 2: End of topic revision and question practice/ Review cyber security processess
Topic 3: Recommend internal controls for risk management/ Analyse Source and Types of Risk
Topic 4: Revise and practice questions under exam conditions/ Discuss ways of managing Risks
Topic 5: Discuss various issues relating to internal audit in organisations/ Evaluate cyber risk reporting
Topic 6: Discuss cyber security tools and techniques/ Analyse internal control systems Explain Governace Risks/ Analyse cyber Threats/ Enterprise Risk

Free CIMA CIMAPRA19-P03-1 Exam Actual Questions

The questions for CIMAPRA19-P03-1 were last updated On May. 13, 2023

Question #1

YY is a company which generates electricity from alternative energy sources It has just begun constructing a wind farm near a well-known beauty spot The protect has been controversial as campaigners say it will be noisy and unsightly.

The campaigners took legal action but lost the case Some of them have started a campaign of direct action against YY and are physically blocking roads leading to the site and attempting to intimidate YY's staff

YY has hired a security company to help it to protect its staff

Which of the following statements are view in relation to the ethics of this scenario''

Select ALL that apply.

AYY is within its rights to hire the security firm because it has duty of care to its employees

BThe security firm must take care not to use more force against the protestors than is absolutely necessary.

CYY no longer has any duty of care to the protestors since their actions are illegal because they lost their court case

DThe generation of electricity from clean renewable and sustainable sources is too important for the protestors' concerns to be considered

ESince the protestors have already lost their court case they would no longer be ethically justified in engaging in political lobbying to try to get the government to change the law in this area

Reveal Solution

Correct Answer: A, B, D

Question #2

Y Company wishes to recruit an employee who will have responsibility for the receipt and handling of cash

From the point of view of the internal auditor which THREE of the following would be most likely to provide useful information about the candidate"?

AConfirmation that the candidate does not have a criminal record

BThe candidate's personal referees

CThe candidate's membership of a professional body

DThe candidate's academic qualifications.

EReferences from previous employers of the candidate.

Reveal Solution

Correct Answer: B, C, E

Question #3

YY has hired a security company to help it to protect its staff

Which of the following statements are view in relation to the ethics of this scenario''

Select ALL that apply.

AYY is within its rights to hire the security firm because it has duty of care to its employees

BThe security firm must take care not to use more force against the protestors than is absolutely necessary.

CYY no longer has any duty of care to the protestors since their actions are illegal because they lost their court case

DThe generation of electricity from clean renewable and sustainable sources is too important for the protestors' concerns to be considered

ESince the protestors have already lost their court case they would no longer be ethically justified in engaging in political lobbying to try to get the government to change the law in this area

Reveal Solution

Correct Answer: A, B, D

Question #4

Y Company wishes to recruit an employee who will have responsibility for the receipt and handling of cash

From the point of view of the internal auditor which THREE of the following would be most likely to provide useful information about the candidate"?

AConfirmation that the candidate does not have a criminal record

BThe candidate's personal referees

CThe candidate's membership of a professional body

DThe candidate's academic qualifications.

EReferences from previous employers of the candidate.

Reveal Solution

Correct Answer: B, C, E

Question #5

HGY is a major global corporation that has decided to implement the COSO Enterprise Risk Management Framework and integrate management practices throughout the organisation

Which THREE of the following would be appropriate for HGY?

AAuthorise managers and supervisors to respond immediately to any risks that emerge

BMake risk management an element of everyone's responsibility

CRecruit a Director of Risk, who will lead risk management procedures.

DTrain staff at all levels to identify and report risks to their superiors

ECreate a risk management team that will take responsibility for identifying and mitigating risk

FIdentify risk as an element of HGY's overall strategy.

Reveal Solution

Correct Answer: B, E, F

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