04177 CFSA BROCHURE.qxd - TÄ°DE

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Exam ContentThe CFSA exam tests a candidate’s knowledge of current internal auditing practices and understanding ofinternal audit issues, risks, and remedies in the financial services industry. The exam consists of 125 multiplechoicequestions. The first 100 questions cover topics that are germane to general financial services internalauditing activities. The remaining 25 questions specifically address one of the following disciplines - banking,insurance, and securities. The CFSA candidate may choose any one of the three disciplines as part of theirCFSA exam test. However, a candidate may not choose or be tested on more than one discipline. (Note: TheCFSA designation does not distinguish one chosen discipline from another.)I. Financial Services Auditing(25-35% - Proficiency Level)A. IIA Professional Practice FrameworkB. Internal Control/ Risk Management/ GovernanceC. Audit ProcessD. Implications of Information TechnologyE. Auditing Financial Statement ElementsII. Auditing Financial Services Products(25-35% - Awareness Level)A. Lending/LoansB. DepositsC. TrustsD. AnnuitiesE. DerivativesF. Electronic ServicesG. Cash Management ServicesH. StocksI. BondsJ. CommoditiesK. Mutual FundsL. Employee BenefitsM. Capital Market ProductsN. Securities LendingO. Insurance PoliciesP. Insurance ProductsQ. Foreign ExchangeR. Asset Management (e.g., supervision of fundmanagers’ portfolios and valuations)S. Money Market ProductsIII. Auditing Financial Service Processes(25-35% - Awareness Level)A. Risk ManagementB. UnderwritingC. SecuritizationsD. Treasury Operations (e.g., Cash Management)E. Back-office OperationsF. Marketing Sales and Distribution (e.g., InsuranceAgencies, Bank Branches, Brokers)G. ClaimsH. InvestmentsI. Broker/Dealer ActivitiesJ. Rating Advisory ServiceK. Mergers and AcquisitionsL. Loan Operations (e.g., Collateral Issues,Perfecting Liens)IV. The Regulatory Environment(10-20% - Awareness Level)A. Overview of the Regulatory EnvironmentB. Laws and RegulationsC. Stock Exchanges and Other MarketsD. Money and BankingIndividual Financial Services Discipline Sections (25 Questions - Proficiency Level)BankingA. ProductsB. ProcessesC. The Regulatory EnvironmentInsuranceA. ProductsB. ProcessesC. The Regulatory EnvironmentSecuritiesA. ProductsB. ProcessesC. The Regulatory EnvironmentNote: Exam topics and/or format are subject to change as approved by the Board of Regents.3 Register Today! Online: Visit “Certification” at www.theiia.org
Certified Internal Auditor ® (CIA ® ) ExamThe CIA exam tests an individual’s knowledge of, and proficiency in, current internal auditing practices andunderstanding of internal audit issues, risks, controls, and governance. Additionally, candidates gain professionalinsights and a working knowledge of The IIA’s International Standards for the Professional Practice of InternalAuditing.The exam is offered in four parts, each part consisting of 125 multiple-choice questions.Part I - The Internal Audit Activity’s Role in Governance, Risk, and ControlPart II - Conducting the Internal Audit EngagementPart III - Business Analysis and Information TechnologyPart IV - Business Management SkillsProfessional Recognition Credit for Part IV of the CIA Exam (PRC-IV)The Board of Regents has designated Part IV of the CIA exam the specialization part. Therefore, candidates withcertain professional certifications may receive credit for Part IV in lieu of sitting for the exam part. The IIA doesnot offer Professional Recognition Credit (PRC-IV) for CIA exam Parts I, II, or III, which are defined as the coreglobal syllabus.The CFSA is one of the approved professional certifications for PRC-IV, along with the two other IIA specialtycertifications (CCSA and CGAP). Visit “Certification” at www.theiia.org for more information.Certification Agreement CountriesIndividuals seeking to take the CFSA exam in the following countries must register with the corresponding IIAaffiliate, not with The IIA’s headquarters office. (Refer to pages 13-14 for contact information).AustraliaAustriaChinaChinese TaiwanCzech RepublicFranceGermanyGreeceIndonesiaIsraelItalyJapanMalaysiaMoroccoThe NetherlandsNew ZealandPhilippinesSingaporeSouth AfricaSpainSwedenSwitzerlandThailandTurkeyTel: +1-407-937-1111 • Fax: +1-407-937-11014
Page 2 and 3: Enhance Your Career - Become a Cert
Page 4 and 5: Program InformationThe CFSA designa
Page 9 and 10: Financial Services Auditor Group Me
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Page 15 and 16: CFSA Examination ApplicationFor fas
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Page 19 and 20: IIA Affiliates by Country/State or
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