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CIMA Risk Management - CIMAPRA19-P03-1

Exam Code: CIMAPRA19-P03-1

Exam Name: CIMA Risk Management Exam

Updated: Oct 27, 2026

Q & A: 223 Questions and Answers

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Enlist of Registration procedure of CIMA CIMAPRA19-P03-1 Certification Exam

When you order your CIMA CIMAPRA19-P03-1 certification exam, you must submit four forms of payment in addition to the cost of the exam. All forms of payment must be made by check, money order or wire transfer.

  • One form of payment should be for a letter from your employer stating that you have at least two years experience as a financial manager or auditor in an organization with an annual turnover exceeding 5 million USD.
  • A photo identification document such as a passport or driving license, and also proof of residency (a utility bill, lease agreement, etc.)
  • A photocopy of the postgraduate degree certificate that you received from your university.
  • A letter from one of your professors confirming that you are in good academic standing in the course, and also that you have demonstrated adequate command over English language and professional skills.

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What is the CIMA Level, and how to earn a CIMA Level I-IV?

The purpose of the CIMA levels is to indicate the level of your knowledge, skills and abilities in management accounting. The levels are:

  • CIMA Level 1: For those who have acquired at least 60% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
  • CIMA Level 2: For those who have acquired at least 80% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member. These individuals can still be very useful in organizations, as accounting managers or research assistants. They also gain a greater understanding of boundaries and can advise others on matters that are beyond their level.
  • CIMA Level 3: For those who have acquired at least 90% of what they need to know, but do not yet possess the knowledge and skills necessary to work as a full-time member.

Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3

What is the exam cost of the CIMA CIMAPRA19-P03-1 Certification Exam

The cost of CIMA CIMAPRA19-P03-1 examination is about $1500/ applicant.

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CIMA CIMAPRA19-P03-1 Exam Syllabus Topics:

SectionWeightObjectives
Cyber Risk25%- Cyber Controls
  • 1. Access control and authentication
    • 2. Incident response planning
      - Cyber Threats
      • 1. Data breaches and hacking risks
        • 2. System vulnerabilities
          Enterprise Risk25%- Risk Identification
          • 1. Risk classification across the organization
            • 2. Internal and external risk sources
              - Risk Assessment
              • 1. Likelihood and impact analysis
                • 2. Risk prioritization techniques
                  - Risk Response
                  • 1. Risk transfer and avoidance
                    • 2. Mitigation strategies
                      Internal Controls25%- Control Systems
                      • 1. Design of internal controls
                        • 2. Preventive and detective controls
                          - Control Evaluation
                          • 1. Control failure and remediation
                            • 2. Effectiveness assessment
                              Strategic Risk25%- External Environment Risk
                              • 1. Economic and reputational risk
                                • 2. Political and regulatory risk
                                  - Strategic Decision Risk
                                  • 1. Competitive positioning risk
                                    • 2. Market entry and expansion risk

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