Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

PRMIA Exam 8004 Topic 6 Question 37 Discussion

Actual exam question for PRMIA's 8004 exam
Question #: 37
Topic #: 6
[All 8004 Questions]

An Organization as a Whole must:

I Provide an environment in which an Escalation Policy can be effective

II Commit itself to actual enforcement of corporate governance policies

III Provide ongoing education and training to all employees on the role of risk management and corporate governance in the organization

IV Publish an external auditor's opinion that the corporation is in compliance with the Board's publicly stated Standards of Corporate Governance

Show Suggested Answer Hide Answer
Suggested Answer: B

by Chantay at Sep 19, 2024, 01:23 AM

Limited Time Offer

25%

Off

Get Premium 8004 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Rodolfo
6 months ago
So many stakeholders to keep happy, it's no wonder risk management can be a headache. At least option B covers the bases.
upvoted 0 times
...
Selma
6 months ago
Haha, I bet the regulators are keeping a close eye on us risk managers. Better not mess up with just the internal controls!
upvoted 0 times
Jodi
5 months ago
C) The local regulator, internal controls, and shareholders
upvoted 0 times
...
Christoper
5 months ago
B) Internal controls, and the expectations of stakeholders, shareholders, and the general public
upvoted 0 times
...
Avery
5 months ago
A) Internal controls of the organization, and the local regulator
upvoted 0 times
...
...
Chaya
6 months ago
I agree with Margart. Option B looks like the most comprehensive choice that addresses the fiduciary duties we have as PRMIA members.
upvoted 0 times
Dannie
5 months ago
Let's make sure we are fulfilling our fiduciary duties properly.
upvoted 0 times
...
Lilli
5 months ago
We need to consider both stakeholders and the general public.
upvoted 0 times
...
Eulah
5 months ago
I agree, it covers both internal controls and external expectations.
upvoted 0 times
...
Gary
5 months ago
I think option B is the best choice.
upvoted 0 times
...
...
Leonard
6 months ago
But we shouldn't ignore the local regulator and internal controls as well.
upvoted 0 times
...
Margart
6 months ago
Option D seems too narrow. As risk managers, we need to consider the broader regulatory and public accountability aspects, not just internal controls.
upvoted 0 times
...
Donte
6 months ago
I agree, stakeholders and shareholders' expectations are crucial.
upvoted 0 times
...
Leota
6 months ago
I think option B is the most important.
upvoted 0 times
...
Malcom
6 months ago
I think option B covers the key points of internal controls and the expectations of stakeholders and the public. As a PRMIA member, we need to balance our responsibilities to the organization and the public.
upvoted 0 times
Gary
5 months ago
Definitely, balancing our responsibilities to the organization and the public is crucial for a PRMIA member.
upvoted 0 times
...
Bulah
5 months ago
I think we need to prioritize meeting the expectations of stakeholders and the public while also ensuring internal controls are in place.
upvoted 0 times
...
Dorinda
5 months ago
Yes, it's important to consider both internal controls and external expectations in our risk management duties.
upvoted 0 times
...
Herman
6 months ago
I agree, option B seems to cover all the important aspects of our responsibilities.
upvoted 0 times
...
...

Save Cancel