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| Vendor: | CIMA |
|---|---|
| Exam Code: | CIMAPRA19-P03-1 |
| Exam Name: | P3 Risk Management (Online) |
| Exam Questions: | 275 |
| Last Updated: | May 22, 2026 |
| Related Certifications: | CIMA Professional Qualification |
| Exam Tags: |
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Rio owns an architects business which employs 12 skilled architects and four administrative staff.
TheOfficeManagerhas just attended a workshop on internal controls and the way in which they can improve organisations. He intends to implement some internal controls as soon as possible.
What are the limitations of an internal control system in Rio's business?
With regard to the rote of the audit committee which of the following statements are correct? Select ALL that apply
J plc is a wholesale building supply business. Ithasa large warehouse where some ofitsmaterials are stored. Last month three accidents occurred where employees were slightly injured whilst moving items from the 5th shelf. The 5th shelf is located 15 metres up from the ground.
This is a health and safety risk and could also be a reputation risk in the longer term.
Which of the following risk mitigations should the company employ?
The senior manager in the accounts department is going on annual leave for three weeks and Jo, a supervisor is being put in charge of the department for that time
Which TWO of the following statements are correct?
Smalltown had a problem with people parking cars on the town's mam shopping streets instead of in the nearby car parks The parked cars created congestion and made it difficult for delivery vehicles to unload Smalltown's local government had employed traffic wardens to enforce parking regulations by issuing parking fines to motorists who parked for more than the permitted 30 minutes.
The local government took further action to deal with this problem It banned parking on the busiest streets, it introduced parking charges in the remaining streets and it made it free to park m the town's car parks for up to two hours Fewer people now park cars on the streets because of the charges, but those who do generate significant revenues for the local government Fewer traffic wardens are required and so wage costs have reduced
The local goverment auditors have decided to carry out a value for money audit of the parking system
Which of the following is a measure of effectiveness?
Security & Privacy
Satisfied Customers
Committed Service
Money Back Guranteed