CIMA P3 問題集

質問 1：
Which of the following statements best explains why a corporate treasury department should be established as a cost centre rather than a profit centre?
A. The Treasurer has the ability to manipulate the Department's reported profit.
B. There is no way for the Treasury Department to generate revenue.
C. The Treasurer should not have a great deal of responsibility.
D. The Treasury Department should not be encouraged to speculate.
正解：D

質問 2：
As part of risk assessment exercise for a low-cost airline you are requested to match the risks listed below with the most approriate method of minimising or dealing with each risk.

正解：



質問 3：
The management of U is reviewing internal controls throughout the company. It has noted the following:-
1. In the trade receivables section, journal adjustments are made by the clerks, without any reference to their supervisor. Journal adjustments may relate to sales returns, discounts allowed, or transfers between accounts.
2. In the purchasing department, the purchasing manager selects and approves all suppliers, as they are the only person with sufficient experience to do so. They use a very limited number of suppliers because they can rely on these suppliers to provide goods of the quality required at a competitive price. They do not keep any documents in relation to negotiations with other potential suppliers or other quotes obtained.
In relation to the above, which of the following statements are valid?
A. Clerks making journal adjustments without reference to their supervisor is evidence of inadequate separation of duties.
B. The fact that the purchasing manager uses a very small number of suppliers is, in itself, a sign of poor internal controls.
C. The way the role of purchasing manager is carried out in U increases the chance that the company will fall victim to fraudulent activity.
D. It is acceptable for clerks in the trade receivables section to make journal adjustments without authorisation provided the amounts involved are not material to U's financial statements.
E. The fact that the purchasing manager does not keep documentation relating to negotiations with suppliers, or potential suppliers, is evidence that they are involved in fraudulent activity.
F. It is acceptable for clerks in the trade receivable section to make journal adjustments without authorisation, provided they have no access to cash receipts.
正解：A,C

質問 4：
HGY is a major global corporation that has decided to implement the COSO Enterprise Risk Management Framework and integrate management practices throughout the organisation Which THREE of the following would be appropriate for HGY?
A. Recruit a Director of Risk, who will lead risk management procedures.
B. Train staff at all levels to identify and report risks to their superiors
C. Authorise managers and supervisors to respond immediately to any risks that emerge
D. Create a risk management team that will take responsibility for identifying and mitigating risk
E. Make risk management an element of everyone's responsibility
F. Identify risk as an element of HGY's overall strategy.
正解：D,E,F

質問 5：
SDF is a quoted company that has a large internal audit department.
Which of the following would impair the independence of SDF's internal audit?
A. The head of internal audit reports directly to SDF's chief accountant.
B. It is left to the individual members of the internal audit department to report any conflicts of interest associated with a proposed investigation to which they have been assigned.
C. Junior internal audit staff are recruited directly from university. They spend two years with the company before moving into other departments within SDF.
D. Internal audit staff salaries are linked to a company-wide salary scheme.
E. Internal audit staff receive a bonus whenever they discover a compliance error.
正解：A,C,E

質問 6：
A Firewall is an element of a company's Information Technology infrastructure.
Which THREE of the following are characteristics of a Firewall?
A. A Firewall protects the computer suite against physical attack.
B. A Firewall protects sensitive data against accidental or malicious damage.
C. A Firewall protects against viruses.
D. A Firewall can screen every message coming into or out of the company network looking for key words, or attachments.
E. A Firewall determines the boundary of the "Trusted" components of the company's Information Technology infrastructure.
F. A Firewall protects against unauthorised network access.
正解：D,E,F

質問 7：
KLO is a major quoted car rental company The company is considering publishing its first cyber risk management report AH rental bookings are made online Customers receive a booking reference number that they use to collect their cars from a convenient branch Customers enter their credit card details both so that KLO can take payment for their rental and also so that the customers can be charged automatically for late returns or damage to cars KLO's management believes that it has three key areas of cyber risk Cyber criminals may wish to make bookings using fictitious data in order to steal KLO's cars, they may wish to use customers details to identify addresses of people who are away from home so that they can burgle houses and they may wish to abuse customer credit card details KLO's Board is concerned that admitting to the nsk of stealing cars might encourage cnminals to exploit that vulnerability AJso. it is concerned that customers will be reluctant to rent cars if that would mean that their homes could be at risk of burglary while they are away The vulnerability of credit card details seems obvious and so the Board is not reluctant to admit to that.
Which TWO of the following are correct?
A. If KLO's Board omits one of more areas of concern from the report then the independent accountant who will sign the report is unlikely to discover that omission
B. The independent accountant's report on KLO's cyber risk management will refer only to those vulnerabilities that have been identified by KLO's Board
C. The Board should be clear about all sensitive information that the company holds, but should also be clear about the robust controls in place to safeguard that information.
D. Stakeholders will not care about the vulnerabilities faced by KLO provided the independent accountant can confirm that the company has sound systems in place
E. The independent accountant who will express an opinion on the risks and controls will be unwilling to sign the report unless it contains a full account of all risks and controls
正解：C,E

質問 8：
K has several subsidiary companies. The directors of K's subsidiaries are paid an annual bonus based upon their particular subsidiary's reported profits.
The directors of one of K's subsidiaries are considering the choice between two models of a machine.
Which of the following is most likely to explain the decision to choose model X over model Y?
A. Model X is the less risky investment.
B. Model X has a better combination of investment and running costs.
C. Investing in model X will mean the subsidiary will show a higher profit.
D. Investing in model X will lead to a higher share price.
正解：C

質問 9：
Which of the following statements concerning the role of the Audit Committee is correct?
A. The Audit Committee should engage consultants to carry out business reviews.
B. The Audit Committee should decide annually whether it needs an internal audit function.
C. The Audit Committee should review and monitor the effectiveness of the company's internal audit function.
D. The Audit Committee should design the system of internal controls.
E. The Audit Committee should decide annually whether it needs an external audit function.
F. The Audit Committee should provide arrangements for whistle blowing.
正解：B,C,F