PRMIA Related Exams
8004 Exam
With respect to the Purpose of Professional Standards, in the event of any difference in standards between local laws/rules and those of PRMIA, members must
Barings Bank and Orange County have many similarities. Which of the following is NOT a similarity?
The Financial Accounting and Reporting Infrastructure of any organization must:
I. Accurately represent the corporation's current and known financial condition in a timely manner
II. Only use off-balance sheet transactions which have a legitimate economic, tax, risk transfer or risk mitigating purpose
III. Provide a detailed description of the Risk Management Infrastructure in the organization's Annual Report to Shareholders
IV. Provide an auditable Annual Statement of Compliance with the Board's publicly stated Standards of Corporate Governance to the Board and Audit Committee