BUSINESS ACUMEN
- Describe the strategic planning process and key activities (objective setting, globalization and competitive considerations, alignment to the organization’s mission and values, etc.)
- Explain organizational behavior (individuals in organizations, groups, and how organizations behave, etc.) and different performance management techniques (traits, organizational politics, motivation, job design, rewards, work schedules, etc.)
- Describe management’s effectiveness to lead, mentor, guide people, build organizational commitment, and demonstrate entrepreneurial ability.
- Examine the risk and control implications of common business processes (human resources, procurement, product development, sales, marketing, logistics, management of outsourced processes, etc.)
- Describe data analytics, data types, data governance, and the value of using data analytics in internal auditing.
INFORMATION SECURITY
- Explain the purpose and use of various information security controls (encryption, firewalls, antivirus, etc.)
- Recognize data privacy laws and their potential impact on data security policies and practices.
- Recognize existing and emerging cybersecurity risks (hacking, piracy, tampering, ransomware attacks, phishing attacks, etc.)
INFORMATION TECHNOLOGY
- Recognize core activities in the systems development lifecycle and delivery (requirements definition, design, developing, testing, debugging, deployment, maintenance, etc.) and the importance of change controls throughout the process.
- Explain basic database terms (data, database, record, object, field, schema, etc.) and internet terms (HTML, HTTP, URL, domain name, browser, click-through, electronic data interchange [EDI], cookies, etc.)
- Define the operational roles of a network administrator, database administrator, and help desk.
- Explain the purpose of systems and data recovery procedures.
FINANCIAL MANAGEMENT
- Recognize advanced and emerging financial accounting concepts (consolidation, investments, fair value, partnerships, foreign currency transactions, etc.)
- Describe revenue cycle, current asset management activities and accounting, and supply chain management (including inventory valuation and accounts payable)
- Describe capital budgeting, capital structure, basic taxation, and transfer pricing.
- Explain general concepts of managerial accounting (cost-volume-profit analysis, budgeting, expense allocation, cost- benefit analysis, etc.)
- Differentiate costing systems (absorption, variable, fixed, activity-based, standard, etc.)
- Distinguish various costs (relevant and irrelevant costs, incremental costs, etc.) and their use in decision making.
