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Exam Code: 8009
Exam Name: Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition
Updated: Oct 09, 2026
Q & A: 112 Questions and Answers
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Every candidate studies differently, so FreePdfDump ships the 8009 practice questions in three formats: a printable PDF, a Desktop Test Engine for Windows, and an Online Test Engine that runs in any browser. However you prefer to prepare for PRMIA Exam IV: Case Studies: Standards: Governance, Best Practices and Ethics - 2015 Edition, there is a version that fits.
| Section | Weight | Objectives |
|---|---|---|
| Risk Management Best Practices | 20% | - Compliance and Regulatory Alignment - Internal Controls and Risk Limits - Enterprise Risk Management Framework |
| Corporate Governance Principles | 25% | - Transparency and Accountability - Board and Senior Management Oversight - Risk Governance Structure - PRMIA Governance Principles |
| PRMIA Standards of Best Practice, Conduct and Ethics | 30% | - Ethical Decision-Making Framework - Conflict of Interest and Disclosure - Whistleblowing and Reporting Violations - Code of Conduct and Professional Responsibilities |
| Risk Management Case Studies | 25% | - Metallgesellschaft - China Aviation Oil - Long-Term Capital Management (LTCM) - Orange County - Baring Bank - Northern Rock |
The 8009 exam is the official exam behind the PRM™ (Professional Risk Manager) credential from PRMIA. It sits at the Professional level of the PRMIA certification track. It is also associated with PRM™ Certification. The FreePdfDump practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
The 8009 exam contains 80–110 questions and gives you 120 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreePdfDump test engine a week before your exam date to check whether your pacing holds under pressure.
You need 60% to pass the 8009 exam, and the official registration fee is $275–$350 USD (member discount available). A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreePdfDump practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.
No mandatory prerequisites; recommended to complete PRM Exams I–III or have equivalent risk management experience; PRMIA membership required for certification
Requirements can change, so confirm the latest details on the official PRMIA exam page before you register.
You can book the 8009 exam through the following official channels:
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The 8009 syllabus is divided into 4 domains, including Corporate Governance Principles (25%), Risk Management Best Practices (20%), and Risk Management Case Studies (25%). The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
National Australia Bank and Barings cases are similar in that:
Correct Answer: D 🗳️
Which of the following are PRMIA Governance Principles?
I. Independence of Key Parties
II. Disclosure and Transparency
III. Internal Validation
IV. Solvency
Correct Answer: B 🗳️
According to the G-30 Study, the risk management infrastructure's funding must be
Correct Answer: B 🗳️
When Fannie Mae and Freddie Mac were taken under US government conservatorship, which of the following was not included within their operating mandate?
Correct Answer: B 🗳️
The retrocession insurance cover was provided by
Correct Answer: B 🗳️
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