P3 REVISION

P3 REVISION - Ask Your Question to Jenny Hughes, P3 CIMA Revision Tutor

About the Tutor:

Jenny’s career to date has successfully combined industry experience at directorship level, an accountancy practice and professional accountancy and management training.

3 Questions to “P3 REVISION”

1. Coret Jacqueline says:

   April 23, 2009 at 12:33 am

   What difference do you make between the IFAC Risk Architecture, Risk Management and Risk Strategy?
2. Jenny Hughes says:

   April 30, 2009 at 1:31 pm

   Here is the answer for the winning question from Jacqeline Coret -

   The IFAC approach is to map the business processes that drive value and then identify and analyzing the business risks and establishing the appropriate responses that will have the most impact on the value drivers.

   The IFAC architecture is like CIMA’s risk management cycle it offers a framework for the overall process.

   Risk management is the process described above and a risk strategy is the action taken to manage a risk like Passwords and user ID’s for preventing unauthorized access.
3. Kofi says:

   April 30, 2009 at 8:07 pm

   What is the difference between internal control and internal control strategy