Cma Part 1 Volume 2 Sections D E May 2026
Mastering CMA Part 1, Volume 2: A Deep Dive into Sections D (Risk Management) and E (Internal Controls)
You cannot study Section E without addressing fraud. The fraud triangle is mandatory knowledge:
D.1: Cost-Volume-Profit (CVP) Analysis
- Approve 90-day implementation roadmap.
- Kick off gap assessment with owners for Sections D & E.
- Prioritise incident response and logging improvements.
- Schedule quarterly control self-assessments and an external compliance audit within 6 months.
- Percentage of exceptions resolved within SLA.
- Number of control failures per reporting period.
- Time to remediate identified issues.
- Audit log completeness rate.
inherent risk
Maya updates the risk register and calculates (high) vs. residual risk (medium after she suggests a secondary supplier). Leo rejects the cost of qualifying a new supplier. cma part 1 volume 2 sections d e
While Section D is calculation-heavy, focusing on how costs flow through a business, Section E is largely conceptual, focusing on frameworks and security. Below is a drafted study guide for these sections. Section D: Cost Management (15%) Mastering CMA Part 1, Volume 2: A Deep
3.4 Typical risks
- Pressure (Incentive): The employee needs money (gambling debt, lifestyle inflation, unrealistic sales quota).
- Opportunity (Weak Controls): The employee can circumvent the system (no mandatory vacation, no dual signatures).
- Rationalization (Attitude): The employee justifies it ("I'll pay it back," "The company owes me," "Everyone does it").
