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| Section | Weight | Objectives |
|---|---|---|
| PRMIA Principles of Good Governance | 20% | - Risk appetite and accountability - Transparency and disclosure - Board and senior management responsibilities - Risk governance frameworks |
| PRMIA Case Studies | 50% | - Application of risk principles to scenarios - Root cause identification - Risk management lessons learned - Historical risk failure analysis |
| PRMIA Standards of Best Practice, Conduct and Ethics | 30% | - Professional integrity and accountability - Compliance with laws and regulations - Code of professional conduct - Ethical decision-making framework |
The failure of Washington Mutual was NOT due to which one of the following?
Correct Answer: D 🗳️
The Bankers Trust Case Study is about:
Correct Answer: A 🗳️
Which of the following are PRMIA Governance Principles?
I Independence of Key Parties
II Disclosure and Transparency
III Internal Validation
IV Solvency
Correct Answer: A 🗳️
For the sentence
"The organization shall encourage all employees to keep abreast of the latest developments in their particular areas of expertise, through ____________, _____________, and _____________ and shall make adequate resources available to enable this to occur," Choose the correct combinations of words from the following options:
Correct Answer: A 🗳️
While doing a work assignment, a PRMIA member notices behaviour that is outside the ethical standards of their client organization and reports the matter to their immediate supervisor in the organization (if he or she wasn't the one engaging in such behaviour). The matter is neither progressed nor actioned.
The PRMIA member should:
Correct Answer: D 🗳️
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