CIMA Exam CIMAPRO19-P03-1 Topic 2 Question 67 Discussion

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

Question #: 67
Topic #: 2

[All CIMAPRO19-P03-1 Questions]

Under the COSO Enterprise Risk Management Framework, who is responsible for risk management?

AEvery member of the entity.

BThe board of directors only.

CManagers and directors only.

DThe shareholders.

Show Suggested Answer

Suggested Answer: C, D

by Lura at May 13, 2024, 03:26 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRO19-P03-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Stevie

1 months ago

Hey, if the shareholders were in charge of risk management, I'd be rich by now! Guess they're not as competent as we thought. Option A all the way.

upvoted 0 times

...

Noemi

1 months ago

Shareholders responsible for risk management? What is this, a comedy show? They're just there to make money, not to run the company. Definitely going with Option A.

upvoted 0 times

...

Dylan

1 months ago

Only managers and directors? Sounds like a recipe for disaster. Everyone in the entity should be involved in risk management, from the CEO to the janitor. Option A is the way to go.

upvoted 0 times

Desmond

3 days ago

Managers and directors should definitely play a key role in risk management.

upvoted 0 times

...

Joseph

10 days ago

I think the board of directors should have the ultimate responsibility for risk management.

upvoted 0 times

...

Pamela

15 days ago

I agree, everyone in the entity should be responsible for risk management.

upvoted 0 times

...

Dominque

1 months ago

I think the board of directors should be responsible for risk management. They're the ones calling the shots, so they should be the ones managing the risks too. Option B for me.

upvoted 0 times

France

3 days ago

I agree, the board of directors should definitely be responsible for risk management. They have the overall authority.

upvoted 0 times

...

An

2 months ago

Well, the COSO ERM Framework clearly states that risk management is the responsibility of everyone in the organization, not just the board or managers. Option A seems like the right choice here.

upvoted 0 times