PRMIA Exam 8004 Topic 2 Question 31 Discussion

Actual exam question for PRMIA's 8004 exam

Question #: 31
Topic #: 2

With a PRMIA member's need to reconcile their internal and external responsibility to perform their work in an independent and appropriate fiduciary manner, which of the following options must be taken into consideration when performing risk management duties?

AInternal controls of the organization, and the local regulator

BInternal controls, and the expectations of stakeholders, shareholders, and the general public

CThe local regulator, internal controls, and shareholders

DOnly the internal controls and compliance standards

Show Suggested Answer

Suggested Answer: B

by Pok at Aug 22, 2024, 05:18 PM

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Rebbecca

2 months ago

I think option B covers all the necessary aspects for risk management duties.

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Veta

2 months ago

I believe option C is also valid, considering the local regulator.

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Barb

2 months ago

I agree with Leslee, stakeholders and shareholders are important.

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Leslee

2 months ago

I think option B is the best choice.

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Broderick

2 months ago

I'm feeling lucky, so I'm gonna go with D. Internal controls and compliance standards are all we need, right? Who needs those pesky stakeholders and regulators anyway?

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Aliza

2 months ago

Ah, the age-old question of 'what do we need to consider when performing risk management duties?' It's like a game of 'Risk' - the more players, the more complicated it gets!

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Valda

2 months ago

I'm going with C. The local regulator, internal controls, and shareholders are all key factors to take into account. Can't forget about those pesky shareholders, they're always watching!

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Malcolm

1 months ago

That's a good choice. It's important to consider all those factors when performing risk management duties.

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Ona

2 months ago

C) The local regulator, internal controls, and shareholders

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Noelia

3 months ago

Hmm, I'm not sure. Shouldn't we also consider the local regulator? I mean, they do have a say in how we manage risk, right?

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Vallie

3 months ago

I think the correct answer is B. We need to consider internal controls as well as the expectations of stakeholders, shareholders, and the public when performing risk management duties as a PRMIA member.

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Beata

2 months ago

It's crucial to balance both internal controls and external expectations in our work.

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Ivette

2 months ago

Yes, internal controls are important too in performing risk management duties.

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Lavera

2 months ago

I agree, we have to consider the expectations of stakeholders and shareholders.

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