Updated: Aug 23, 2026
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The CIMA CIMAPRA19-P03-1 certification is conferred by the Chartered Institute of Management Accountants, which is the highest standard globally. In order to receive your certificate, you must first pass each section of the exam by receiving a cumulative score of 70% or better. Once you have passed all four sections, you need to submit a copy of your official transcript from an accredited college or university. You will also need to submit your transcripts and a letter from your employer stating that you have at least 2 years of work experience as a financial manager or auditor, depending on which exam section you have taken. You should then wait 1-3 weeks for approval before receiving your certificate and pins via mail.
| Certification Vendor: | The Chartered Institute of Management Accountants (CIMA) |
| Exam Name: | P3 Risk Management |
| Exam Number: | CIMAPRA19-P03-1 |
| Exam Price: | See official CIMA pricing (varies by region) |
| Real Exam Qty: | 60 |
| Passing Score: | Scaled score of 100 out of 150 (approx. ~67%) |
| Exam Duration: | 90 minutes |
| Exam Format: | Computer-based objective test, Multiple choice, Multiple response, Number entry, Drag and drop |
| Certificate Validity Period: | Certification does not expire; must complete Strategic level requirements |
| Available Languages: | English |
| Related Certifications: | CIMA E3 Strategic Management CIMA F3 Financial Strategy CIMA Strategic Case Study (SCS) |
| Sample Questions: | CIMA CIMAPRA19-P03-1 Sample Questions |
| Exam Way: | On-demand computer-based exam (at Pearson VUE test centres or online proctored delivery) |
| Pre Condition: | Completion of Management level or equivalent exemptions before sitting Strategic level objective tests. |
| Official Syllabus URL: | https://www.cimaglobal.com |
Format: Multiple choices, multiple answers
Reference: https://planner.cimaglobal.com/proqual/2019/strategic/P3
The exam covers all areas of finance and corporate governance. Students who pass the exam earn a CIMA CIMAPRA19-P03-1 certification certificate. The CIMA CIMAPRA19-P03-1 certification covers: Assembling a financial statement Defining and explaining the role of accounting in a business Accessing and understanding financial statements Policy decisions in relation to accounting Auditing and audits of financial statements Deciding when to use which accounting methods Creating an audit plan for the organization Managing internal auditing staff conducting audits Prepare the annual report Preparing an annual report for external auditing company Making recommendations for developing internal controls Identifying fraud.
| Section | Weight | Objectives |
|---|---|---|
| Internal Controls | 25% | - Internal audit issues and assurance mapping - Internal control systems analysis - Designing internal controls for risk management |
| Strategic Risk | 25% | - Risks associated with strategy formulation - Reputational risks and impact - Governance risks and oversight |
| Cyber Risk | 25% | - Tools, techniques and cyber risk reporting - Cyber security processes - Cyber threats and vulnerabilities |
| Enterprise Risk | 25% | - Sources and types of risk - Risk management techniques (TARA, mitigation, registers, reporting) - Risk evaluation and measurement |
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