Wiley CIAexcel Exam Review 2014 Focus Notes: Part 3, Internal Audit Knowledge Elements

CIA Exam Content Specifications

Part 3 of the CIA Exam is called Internal Audit Knowledge Elements and the exam duration is 2.0 hours (120 minutes) with 100 multiple-choice questions. The following is a breakdown of topics in this Part.

Domain I: Governance and Business Ethics (5–15%)*

A. Corporate/organizational governance principles (A)**

B. Environmental and social safeguards (A)

C. Corporate social responsibility (A)

Domain II: Risk Management (10–20%)

A. Risk management techniques (A)

B. Organizational use of risk frameworks (A)

Domain III: Organizational Structure, Business Processes, and Risks (15–25%)

A. Risk/control implications of different organizational structures (A)

B. Structure (e.g., centralized/decentralized) (A)

C. Typical schemes in various business cycles (e.g., procurement, sales, knowledge, and supply-chain management) (A)

D. Business process analysis (e.g., workflow analysis, bottleneck management, and Theory of Constraints) (A)

E. Inventory management techniques and concepts (A)

F. Electronic funds transfer (EFT) and electronic data interchange (EDI) (A)

G. Business development life cycles ((A)

H. The International Organization for Standardization (ISO) framework (A)

I. Outsourcing business processes (A)

Domain IV: Communication (5–10%)

A. Communication (e.g., the process, organizational dynamics, and impact of computerization) (A)

B. Stakeholder relationships (A)

Domain V: Management and Leadership Principles (10–20%)

A. Strategic management