CABM Module 900 Syllabus




CABM Module 900 – Corporate Control, Law, Ethics, and Governance

900.1   Corporate Control Strategies
900.1.1   Relate control strategy to business strategy
900.1.2   Describe, compare, and contrast management control, operational control, and internal control

900.2   Internal Control Framework
900.2.1   Define internal control and describe its components
900.2.2   Describe good internal control procedures along with its limits, costs, and benefits

900.3   Corporate Audits
900.3.1   Define audits and differentiate between external auditors and internal auditors
900.3.2   Discuss different types of audits, including the value of audits
900.3.3   Describe the responsibilities of management, auditors, and audit committees in financial reporting as identified by the U.S. Securities and Exchange Commission (SEC)

900.4   Corporate Fraud
900.4.1   Define fraud and describe the different types of fraud in business
900.4.2   Describe an internal control system to exact accountability for fraud

900.5   Corporate Risk Management
900.5.1   Explain the role and function of risk management and its process
900.5.2   Define alternative risk transfer market system and differentiate between enterprise risk and financial risk management
900.5.3   Discuss catastrophe risk transfer method and discuss deductibles and insurance policy limits
900.5.4   Discuss the major issues in international risk management

900.6    Corporate Law
900.6.1    Understand the U.S. legal and judicial systems, including the types of law and the court systems
900.6.2   Understand the various U.S. corporate laws such as contract law, tort law, property law, agency law, commercial law, and bankruptcy law
900.6.3   Describe the functions of shareholders, directors, and officers of a corporation along with director’s and officer’s duty of loyalty and duty of care

900.7   Corporate Culture
900.7.1   Define organizational culture
900.7.2   Discuss the functions that culture performs, and assess whether culture can be an organization liability
900.7.3   Learn how to create, reinforce, and sustain culture
900.7.4   Discuss how culture is transmitted to employees
900.7.5   Learn how to create an ethical and customer-responsive culture

900.8   Corporate Ethics, Stakeholders, and Social Responsibility
900.8.1   Discuss ethics in the workplace
900.8.2   Identify organizational stakeholders and social responsibility
900.8.3   Relate social responsibility to the environment, customers, employees, and investors
900.8.4   Learn how to implement and manage a social responsibility program

900.9    Corporate Governance
900.9.1    Define corporate governance with its basic principles and relate it to competitive advantage
900.9.2   Identify the roles of owners and directors of a corporation
900.9.3   Analyze the issues of executive compensation and incentive systems
900.9.4   Illustrate how the market for control is related to corporate governance; compare and contrast corporate governance practices around the world

900.10   Corporate Compliance
900.10.1   Discuss the need for compliance with various laws, rules, and regulations, including the costs and benefits of compliance
900.10.2   Discuss the various sections of the U.S. Sarbanes-Oxley Act of 2002

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