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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:
Feb 10, 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

B is a small retail bank that offers customers many on-the services B is keen to ensure sound security both to protect the bank's assets and also to safeguard customer privacy

B's IT Security Manager has suggested that the bank should use two phase authentication for access to the on-line systems

Which TWO of the following are examples of two phase authentication?

Options:

A.

Customers first input a password and then receive an access code via email or text message that also has to be input

B.

Customers first input a password and then use a card or token to gain access

C.

Customers must input a valid user name and then input a password user name first input a password and then a pin number

D.

Customer passwords must contain both letters and numbers and must be changed regularly.

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Question 2

YGH has recently completed a post completion audit on a five year contract that has only recently come to a conclusion. The main finding was that the project delivered most of the expected benefits, but that it cost significantly more to implement than had been anticipated at the project appraisal stage. YGH would not have proceeded if the true cost had been known at that stage.

The project was the responsibility of the production department, which is presently managed by G.

When the project was proposed, the production department was managed by H. H is now YGH's Director of Operations.

How should the finding from this post completion audit be interpreted?

Options:

A.

YGH should consider introducing more detailed checking of the assumptions underlying the costs of future projects.

B.

The production department should not be granted funding for future projects unless there are compelling reasons to proceed.

C.

G should be held accountable for the overspend on the project.

D.

H should be held accountable for the overspend on the project.

Question 3

C is an accounts clerKwho is supposed to sign each invoice as evidence that she has conducted checks against supporting documents Sometimes C signs invoices without making these checks

D is a member of the internal audit team He has been told to conduct compliance tests on whether C is checking the invoices property

Which of the following would grve D a false sense of assurance that C's checks have been in operation?

Select ALL that appry

Options:

A.

D reviewed a sample of invoices for purchases of plant and equipment and found that C had not signed them C explained that she believed that those were authonsed by someone else although the accounts manual indicates that it was her responsibility

B.

asked C a series of open-ended questions about the operation of the purchases system She did not mention anything about detailed checks of invoices against documents

C.

D examined a sample of invoices to make sure that they had been signed by C AH had been signed

selected a sample of purchase invoices and compared each to the supporting documents that C is supposed to review Every one of D's invoices was supported by the related documents

D.

D worked at a spare desk in the accounts department and quietly watched C without telling her She checked every invoice carefully while D was present