Wiley CIAexcel Exam Review 2016 Focus Notes: Part 3, Internal Audit Knowledge Elements(Wiley CIA Exam Review Series)

Critical review for the CIA exam Wiley CIAexcel Exam Review 2016 Focus Notes: Part 3, Internal Audit Knowledge Elements provides targeted review for the Certified Internal Auditor exam. With expert coverage of all five exam domains, this book helps you internalize the concepts and practices most central to the auditor's role. Practice questions allow you to assess your level of understanding, while test-taking tips and strategies help you approach the exam with confidence. CIA candidates seeking complete and thorough exam prep will find value in this concise, highly practical guide.

Table of Contents:
Preface  xiii CIA Exam Study Preparation Resources xv CIA Exam-Taking Tips and Techniques  xix CIA Exam Content Specifi cations  xxi Domain 1 Governance and Business Ethics (5–15%)  1 Corporate/Organizational Governance Principles  1 Roles and Responsibilities of the Audit Committee 17 Business Ethics 18 Corporate Social Responsibility  29 Domain 2 Risk Management (10–20%)  34 Corporate Risk Management  34 Enterprise Risk Management  37 Domain 3 Organizational Structures, Business Processes, and Risks (15–25%)  40 Risk/Control Implications of Different Organizational Structures  40 Types of Organizational Structures  41 Schemes in Various Business Cycles  51 Business Process Analysis  65 Business Process Reengineering and Business Process Improvement  67 Benchmarking  68 Production Process Flows  69 Design of Performance Measurement Systems  70 Performance  71 Productivity  72 Components of Productivity Measurement  73 Criteria for Productivity Improvement  73 Balanced Scorecard System 76 Inventory Management Techniques and Concepts  78 Electronic Data Systems 104 Business Development Life Cycles  112 International Organization for Standardization Framework  115 Outsourcing Business Processes 123 Domain 4 COMMUNICATION (5–10%) 132 Communication Skills 132 Stakeholder Relationships 140 Domain 5 Management and Leadership Principles (10–20%) 150 Strategic Management 150 Strategic Planning Process 153 Global Analytical Techniques 155 Porter’s Competitive Strategies 159 Industry Environments 163 Evolution of Global Markets 166 Strategic Decisions 167 Portfolio Techniques of Competitive Analysis 169 Forecasting 172 Quality Management 176 Decision Analysis 195 Decision Making  204 Organizational Behavior 215 Group Dynamics  221 Human Resource Management  226 Risk/Control Implications of Different Leadership Styles  233 Management Skills  235 Team Building  242 Negotiation and Confl ict Management  251 Project Management and Change Management  263 Change Management Techniques  271 Domain 6 INFORMATION TECHNOLOGY AND BUSINESS CONTINUITY (15–25%)  275 Security  275 System Security  282 Firewalls  293 Routers  304 Sensors  307 Hardware and Software Guards  308 Demilitarized Zones 311 Information Protection 313 Identifi cation and Authentication  333 Encryption  347 Application Development  366 System Infrastructure 412 Database Systems  427 Cloud Computing Systems  435 Functional Areas of Information Technology Operations  444 Enterprise-Wide Resource Planning System, Customer-Relationship Management System, and Software Licensing and Piracy Management  453 Data and Network Communications and Connections  463 Business Continuity  531 Domain 7 Financial Management (13–23%)  559 Financial Accounting and Finance: Basic Concepts of Financial Accounting  559 Intermediate Concepts of Financial Accounting  565 Advanced Concepts of Financial Accounting 571 Financial Statement Analysis  584 Types of Debt and Equity  590 Financial Instruments  596 Cash Management  599 Valuation Models 613 Capital Budgeting  621 Cost of Capital Evaluation  629 Taxation Schemes  638 Mergers, Acquisitions, and Divestitures  640 Managerial Accounting: General Concepts 647 Costing Systems  648 Cost Concepts  656 Relevant Costs  668 Cost-Volume-Profit Analysis  669 Transfer Pricing 676 Responsibility Accounting  679 Operating Budgets  681 Domain 8 Global Business Environment (0–10%)  687 Economic/Financial Environments  687 Cultural/Political Environments  703 Legal and Economic Concepts 713 Impact of Government Legislation and Regulation on Business 718 Appendix Sarbanes-Oxley Act of 2002  735 Title II—Auditor Independence  736 Title III—Corporate Responsibility  737 Title IV—Enhanced Financial Disclosures  739 About the Author741 Index 743

About the Author :
S. RAO VALLABHANENI is an educator, author, publisher, consultant, and practitioner in business with more than thirty years of management and teaching experience in auditing, accounting, manufacturing, and IT consulting in both public and private sectors. He is the author of more than sixty trade books, study guides, review guides, monographs, audit guides, and articles in auditing and IT. He holds twenty-four professional certifications in business management in Accounting, Auditing, Finance, Information Technology, Manufacturing, Quality, and Human Resource fields.