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Salary of CIMA P3: Risk Management Exam

United States: 90,000 USDEurope: 80,000 EuroIndia: 6,800,100 INREngland: 68,500 Pound

CIMA P3 (Risk Management) Certification Exam is a globally recognized certification designed for professionals seeking to develop their skills and knowledge in the field of risk management. The CIMA P3 exam is designed to test the candidate's ability to identify, assess, and manage risks effectively. The exam covers a range of topics, including risk management frameworks, risk identification, analysis, and evaluation, risk responses, and risk monitoring and control. Passing the CIMA P3 exam demonstrates the candidate's expertise in managing risks, making them an asset to any organization.

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The CIMA P3 exam is designed for professionals who are interested in pursuing a career in risk management or are already working in the field. The exam is also suitable for individuals who want to enhance their knowledge and skills in risk management. The certification is ideal for professionals working in finance, accounting, and project management, as well as those in senior management roles. The CIMA P3 certification provides an opportunity for professionals to advance their careers and stand out in the competitive job market.

CIMA Risk Management Sample Questions (Q79-Q84):

NEW QUESTION # 79
Which of the following actions would breach CIMA's Code of Ethics for Professional Accountants?

A. An accountant has been asked to identify the two least profitable factories so that they can be closed down, with the loss of all jobs. All of the company's factories are located in areas of high unemployment.B. An accountant has been asked to compile a list of all contacts at the company's bank so that they can be included in the mailing list for the calendar and coffee mug that are distributed as business gifts by the company in December of every year.C. An accountant has been asked to confirm that a complex financial instrument that has been recommended by the bank is suitable for the company. The accountant does not understand the instrument, but has confirmed its suitability because senior management wishes to use it.D. An accountant has been asked to evaluate an investment opportunity that is open for a very short time.
The accountant has recommended rejecting the opportunity without doing any evaluation because he was too busy to study the proposal properly.E. An accountant has been asked to select a new supplier and has decided to recommend a supplier based in country A because that will give the accountant an excuse to visit a family member who lives there.

Answer: C,D,E


NEW QUESTION # 80
Select the most appropriate level of responsibility for managing each of the following risks.

Answer:

Explanation:


NEW QUESTION # 81
JC is a car manufacturing company in country C and manufactures diesel cars It is facing a number of serious risks Which TWO of the following risk factors are external?

A. JC's production staff are complaining that their wages are too low compared to wages paid to other employees.B. Country F, JC's main market, is threatening to impose tariffs on car importsC. JC's marketing director is considering an attractive job offer from one of J's main competitorsD. JC is facing court action arising from injuries to customers caused by an alleged brake failure in one of its carsE. Diesel cars are being criticised by experts because it is believed they cause more harmful pollution than petrol

Answer: B,E


NEW QUESTION # 82
FGT is evaluating the political risks associated with its operations around the world.
Which of the following would indicate that a particular subsidiary has a high level of political risk?

A. Company law in the subsidiary host country is lax.B. The subsidiary's host country requires the active participation of local partners before the subsidiary can operate.C. The subsidiary employs a large number of nationals from the host country.D. Forthcoming elections in the subsidiary's host country.E. The subsidiary is located a considerable distance from FGT's home country.

Answer: A,B,D


NEW QUESTION # 83
S, a qualified and experienced professional accountant, has been appointed as a non-executive member of the Audit Committee of X X has recently obtained a listing on the second tier of a reputable Stock Exchange B, the Finance Director, is only worried about the maintenance of proper financial controls and is less concerned with operational controls S has asked A.
The Production Director, to produce regular reports for the Audit Committee on production specification compliance and related issues A is concerned that this means S does not think he is doing his job properly and doubts his integrity In relation to this scenario, which of the following statements are valid?
Select ALL that apply.

A. B is correct to be more concerned about the maintenance of financial controls because they are inevitably more important than operational controls.B. A is correct in believing that being asked to report to the Audit Committee in the manner described above suggests a lack of trust in his ability or integrityC. There is no benefit for X of A producing reports for the Audit Committee unless there are some members on the Audit Committee who have expertise in the production areaD. The Audit Committee should plan for the receipt of regular reports on production specification compliance and related issuesE. If X is not seen to have an effective Audit Committee it will be exposed to increased market riskF. The appointment of an independent professionally qualified and experienced accountant will help strengthen the Audit Committee.

Answer: A,D


NEW QUESTION # 84
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