The P3 Performance Strategy exam covers how organisations
respond to risks through systems and controls. The syllabus
emphasises the wide-ranging risks organisations face, and
particularly financial and information risks, because of the severe
consequences these can have.
It includes the methods organisations use to reduce risks,
including:
- Management and accounting systems
- Corporate governance
- Control environment and procedures
- Internal audit
Key skills are:
- Recognising risks
- Recommending appropriate actions to counter those risks.
The syllabus also requires appreciation of how risks and control
systems link with the strategies the organisation pursues.