CIMA Exam CIMAPRO19-P03-1 Topic 5 Question 87 Discussion

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

Question #: 87
Topic #: 5

B is a family run security company with a number of prestigious clients who rely onitto maintain online access to their CCTV and alarm systems and respond to any detected intrusions or malfunctions.

Itdesigns and installs security systems for a number of UHNW(Ultra High Net Worth) individuals who may have several seasonal and city residences largely unoccupied for many months of the year.

B's reputation as 100% secure is crucial toitson-going success in this very specialised marketplace.

SelectTHREE factors which should be given prominence inB'sfraud risk management strategy.

ABshould carry outbackground security, health and financialchecks on all employees, their immediate family members and associates on an annual basis.

BB should ask new employees to fill in a declaration that they are honest and have no criminal convictions for dishonesty. That can be filed as evidence that the company took this precaution.

CBshould inform clients that they have a stringent anti-fraud policy.

DB should have an active whistle-blower policy whereby all staff are encouraged by positive reward to report any suspicions they may have about other employees.

EB should ensure that employees whodesign or install security systems are not involved with the operation of those systems once implemented.

FB Should revise and publishtheir fraud policy document to employeesevery three months, highlighting any new elementsandindustry developments.

Show Suggested Answer

Suggested Answer: C, D

by Sabra at Feb 12, 2025, 08:23 PM

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Mohammad

7 days ago

I agree with you, Leana. Background checks, informing clients about anti-fraud policy, and having a whistle-blower policy are crucial for maintaining B's reputation.

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Leana

10 days ago

I think factors A, C, and D should be given prominence in B's fraud risk management strategy.

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