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CIMA P3 Exam Dumps Questions and Answers

Exam Code: P3
Exam Name: Risk Management
Certification: CIMA Strategic
Vendor: CIMA
Last Update: Oct 15, 2025
Questions: 339
10  Customers Passed CIMA P3
95%  Average Success In Real Exam
95%  Questions came word by word from this dump
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Risk Management Questions and Answers

Questions 1

S, a qualified and experienced professional accountant, has been appointed as a non-executive member of the Audit Committee of X X has recently obtained a listing on the second tier of a reputable Stock Exchange

B, the Finance Director, is only worried about the maintenance of proper financial controls and is less concerned with operational controls

S has asked A. the Production Director, to produce regular reports for the Audit Committee on production specification compliance and related issues A is concerned that this means S does not think he is doing his job properly and doubts his integrity

In relation to this scenario, which of the following statements are valid?

Select ALL that apply.

Options:

A.

The appointment of an independent professionally qualified and experienced accountant will help strengthen the Audit Committee.

B.

A is correct in believing that being asked to report to the Audit Committee in the manner described above suggests a lack of trust in his ability or integrity

C.

The Audit Committee should plan for the receipt of regular reports on production specification compliance and related issues

D.

B is correct to be more concerned about the maintenance of financial controls because they are inevitably more important than operational controls.

E.

If X is not seen to have an effective Audit Committee it will be exposed to increased market risk

F.

There is no benefit for X of A producing reports for the Audit Committee unless there are some members on the Audit Committee who have expertise in the production area

Questions 2

A patient has been prescribed a new medicine by their physician. The medicine is accompanied by a leaflet describing potential adverse effects associated with taking it. Most of these potentially adverse effects are trivial, but the leaflet states that three patients in every 10,000 who take the medicine suffer a severe reaction requiring urgent medical attention.

Which of the following statements is true?

Options:

A.

Statistical probabilities mean very little in themselves when dealing with decisions that could have serious consequences, such as whether to take this medicine.

B.

The patient should ignore the risk because there is only a 0.03% risk of a severe adverse reaction.

C.

Statistically, the medicine is safe.

D.

The patient should not be concerned because only those few patients who are susceptible to this reaction are at risk.

Questions 3

Which of the following is an ethical dilemma?

Options:

A.

A company is considering giving poorly-paid staff a generous pay rise.

B.

A company is deciding whether to issue debt or equity.

C.

A company is deciding whether to make a substantial bonus payment to its directors by means of cash or shares.

D.

A company must decide whether to settle a claim from an employee who appears to have fabricated a workplace injury. The company want to avoid the cost of defending the claim.

CIMA P3 Exam Dumps FAQs

What is the CIMA P3 Exam?

The CIMA P3 exam, also known as the Strategic Level Objective Test, is one of three strategic level exams in the CIMA Professional Qualification. It focuses on risk management, strategic risk, internal controls, and cyber risks.

What is the purpose of the CIMA P3 Exam?

The purpose of the CIMA P3 exam is to equip candidates with the skills needed for long-term decision making, evaluating and managing risks that could impact strategic decisions, and valuing organizations from an expert perspective.

What topics are covered in the CIMA P3 Exam?

The CIMA P3 exam covers four main areas: Enterprise Risk (25%), Strategic Risk (25%), Internal Controls (25%), and Cyber Risks (25%).

How long is CIMA P3 Exam and how many questions does it include?

The CIMA P3 exam is a 90-minute computerized objective test consisting of 60 questions.

What is the passing score for the CIMA P3 Exam?

The passing score for the CIMA P3 exam is 70%.

What is the difference between CIMA P3 and E3 Exams?

The CIMA P3 and CIMA E3 exams are both part of the strategic level exams in the CIMA Professional Qualification, but they focus on different areas:

  • CIMA P3 Exam: The CIMA P3 Exam focuses on risk management, strategic risk, internal controls, and cyber risks. It equips candidates with skills for evaluating and managing risks that could impact strategic decisions and valuing organizations from an expert perspective.
  • CIMA E3 Exam: The CIMA E3 Exam centers on strategic management, formulating business strategies, and evaluating strategic performance. It aims to develop skills for long-term decision-making, evaluating strategic success, and sourcing financial resources needed to implement a strategy.

Where can I find reliable study materials and practice tests for the CIMA P3 Exam?

Candidates can find high-quality preparation materials on DumpsBuddy, which offers realistic P3 practice tests that mimic the actual exam, study guides with in-depth topic explanations, question with detailed answers and explanations, and updated P3 PDF questions to familiarize candidates with question patterns. For comprehensive preparation, visit DumpsBuddys CIMA P3 section to access our P3 exam dumps.

How much does the CIMA P3 Exam cost?

The cost of the CIMA P3 exam varies by location, but it ranges between 120 and 140 ($150$180 USD). Additional fees may apply for retakes or P3 study materials.

How long is the P3 (CIMA Strategic level) Certification valid?

Once candidates pass the CIMA P3 exam, their results remain valid indefinitely as part of the CIMA qualification process. However, candidates must complete all Strategic Level exams, including the case study, to achieve full CIMA membership.

What are the career benefits of passing the P3 (CIMA Strategic level) Certification?

Earning the P3 (CIMA Strategic level) certification opens up career opportunities in risk management, finance, and corporate governance. Professionals with this qualification are highly valued in roles such as Risk Manager, Financial Controller, Internal Auditor, Compliance Officer, and Cybersecurity Risk Analyst. Organizations across industries seek professionals with strategic risk management skills, making this certification highly beneficial for career growth.

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