CIMAPRO19-P03-1 Exam Topics

CIMAPRO19-P03-1 Exam Overview :

Exam Name:	P3 Risk Management
Exam Code:	CIMAPRO19-P03-1
Certifications:	CIMA Professional Qualification Certification
See Expected Questions:	CIMA CIMAPRO19-P03-1 Expected Questions in Actual Exam

CIMAPRO19-P03-1 Exam Objectives :

Section	Objectives
P3A: Enterprise risk	1. Analyse sources and types of risk. • Upside and downside risks • Risks arising from internal and external sources • Risks arising from international operations • Strategic and operational risks 2. Evaluate risk • Quantification of risk exposure • Risk maps 3. Discuss ways of managing risks. • Role of board and others in the organisation for identifying and managing risks • Risk mitigation including TARA – transfer, avoid, reduce, accept • Assurance mapping • Risk register • Risk reports and responses • Ethical dilemmas associated with risk management
P3B: Strategic risk	1. Analyse risks associated with formulating strategy. • Analysis of strategic choice • Scenario planning • Stress-testing strategy 2. Evaluate the sources and impact of reputational risks • Risks of unethical behaviour • Impact on brand and reputation of organisation 3. Explain governance risks. • Separation of the roles of CEO and chairman • Role of non-executive directors • Roles of audit committee, remuneration committee, risk committee and nomination committee • Directors’ remuneration
P3C: Internal controls	1. Analyse internal control systems. • Role of risk manager as distinct from internal auditor • Control systems in functional areas • Operational features of internal control 2. Recommend internal controls for risk management. • Governance and culture • Strategy and objective setting • Performance • Review and revision • Information, communication and reporting • Identifying and evaluating control weakness and compliance failures 3. Discuss various issues relating to internal audit in organisations. • Compliance audit, fraud investigation, value for money audit and management audit • Operation of internal audit • Assessment of audit risk • Process of analytical review • Independence, staffing and resourcing of internal audit • Preparation and interpretation of internal audit reports
P3D: Cyber risks	1. Analyse cyber threats. • Malware • Application attacks • Hackers • Result of vulnerabilities including downtime, reputational loss, customer flight, legal and industry consequences 2. Review cyber security processes. • Protection, detection and response • Centralised management • Centralised monitoring 3. Discuss cyber security tools and techniques. • System level analysis, storage analysis and network analysis • Reverse engineering, decompilation and disassembly • Network discovery, vulnerability probing, exploiting vulnerabilities • Tiers of software security 4. Evaluate cyber risk reporting. • Description criteria including nature of business and operations, nature of information at risk, risk management programme objectives, cybersecurity risk governance structure etc.
Official Information	https://www.cimaglobal.com/Documents/Apprenticeships/P3%20-%20for%20academics.pdf

Updates in the CIMAPRO19-P03-1 Exam Topics:

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