CIMA Exam CIMAPRO19-P03-1 Topic 2 Question 71 Discussion

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

Question #: 71
Topic #: 2

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.

Show Suggested Answer

Suggested Answer: B, E, F

by Owen at Jul 02, 2024, 06:36 AM

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Telma

4 months ago

I believe option C is necessary to have a Director of Risk overseeing the procedures.

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Maryann

4 months ago

I agree with Annice, but I also think option D is crucial for staff to report risks.

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Nadine

4 months ago

Haha, I can't believe they're even considering C. Putting all the risk management on one person's shoulders? That's just begging for trouble!

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5 months ago

B, D, and F are definitely the way to go. Risk management needs to be everyone's responsibility, not just the director's.

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Willetta

4 months ago

I agree, having a risk management team in place will also help in identifying and mitigating risks effectively.

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Stephen

4 months ago

B, D, and F are definitely the way to go. Risk management needs to be everyone's responsibility, not just the director's.

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