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CIMA P3 Exam With Confidence Using Practice Dumps

Exam Code:
P3
Exam Name:
Risk Management
Certification:
Vendor:
Questions:
339
Last Updated:
Jan 11, 2026
Exam Status:
Stable
CIMA P3

P3: CIMA Strategic Exam 2025 Study Guide Pdf and Test Engine

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Risk Management Questions and Answers

Question 1

Company H operates a fleet of lorries. The Internal Auditor recently conducted an investigation into the transport needs of the company. Their report recommended that the lorries be disposed of, the drivers made redundant, and the distribution of the company's products be outsourced.

The type of investigation carried out by the Internal Auditor is best described as a:

Options:

A.

Compliance Audit

B.

Economy Audit

C.

Efficiency Audit

D.

Effectiveness Audit

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Question 2

J is a manager in charge of a section in GDD's Buying department. J has eight staff who report to her. Including M, who has worked for GDD for seven months.

One afternoon, while J was absent on sick leave, M was asked to place an urgent order for plastic pellets that are vital for GDD's production process. The usual supplier could not supply the pellets on time to avoid a shortage and so M telephoned a new supplier and placed an order. When the supplier invoiced for the delivery, GDD's Accounts Payable Department rejected the invoice because the supplier did not have a valid account.

On investigation, it was revealed that M did not have the authority to place an order with a new supplier. Only J can authorise new accounts. M claimed that he had been unaware of the need to seek approval because he had never found it necessary to place an order with a new supplier before

Which TWO of the following statements ate correct?

Options:

A.

GDD's Internal Audit Department should have cancelled the order.

B.

GDD's directors are ultimately responsible for M's error

C.

M should be disciplined for exceeding his authority

D.

should have made certain that M knew and understood the limits of his responsibility

E.

The investigation of this matter was a waste of time because the pellets were urgently required

Question 3

The Head of IT Security has been asked to conduct a detailed forensic analysis of a suspected data breach that ted to customer credit card details being intercepted.

Which TWO of the following would be suitable objectives for such a forensic analysis?

Options:

A.

Recovering the stolen credit card details before they can be abused by criminals

B.

Developing an understanding of the vulnerabilities that led to the breach

C.

Identifying customers whose details have been stolen

D.

The collection of evidence that can be used to convict the perpetrators of the breach.

E.

Preventing the credit card companies from blaming the entity for fraudulent charges