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Exam Code: CFSA Practice test 2023 by team
CFSA Certified Financial Services Auditor (IIA-CFSA)

Certified Financial Services Auditor® (CFSA®) test Syllabus

The CFSA test tests a candidate's knowledge of current auditing practices and understanding of internal audit issues, risks, and remedies in the financial services industry.

The test consists of 115 multiple-choice questions.

The testing period is two hours and fifty-five minutes.

Exam questions are all multiple-choice (objective) with four answer choices.

80% of the test covers four domains: Financial Services Auditing, Auditing Financial Services Products, Auditing Financial Service Processes, and The Regulatory Environment.

The remaining 20% relate to the candidates' chosen discipline and will be at the proficiency level.

CFSA candidates may choose any one of the three disciplines as part of their CFSA test test.

Candidates may not choose to be tested on more than one discipline.

The CFSA designation does not distinguish one chosen discipline from another.

The CFSA test core content covers four domains:

Domain I: Financial Services Auditing (25-35%)

Domain II: Auditing Financial Services Products (25-35%)

Domain III: Auditing Financial Service Processes (25-35%)

Domain IV: The Regulatory Environment (10-20%)

CFSA test Individual Disciplines

Banking: Products, Processes, and the Regulatory Environment (20% — Proficiency Level)

Insurance: Products, Processes, and the Regulatory Environment (20% — Proficiency Level)

Securities: Products, Processes, and the Regulatory Environment (20% — Proficiency Level)

Financial Services Auditing (25-35%)

(P) = Candidates must exhibit proficiency (thorough understanding, ability to apply concepts) in these syllabu areas.

(A) = Candidates must exhibit awareness (knowledge of terminology and fundamentals) in these syllabu areas.

A. IIA International Professional Practices Framework (P)

B. Internal Control/Risk Management/Governance (P)

Internal Control Frameworks

Risk Management Frameworks

Governance Models

C. Audit Process (P)

Audit Planning

Audit Fieldwork

Risk Assessment

Analytical Review

Data Gathering and Evaluation


Tools and Techniques (e.g., CAAT)

Audit Communications

Monitoring Outcomes

D. Implications of Information Technology (P)

E. Auditing Financial Statement Elements (P)

Balance Sheet

Statement of Cash Flows

Income/Expense Statement

Off Balance-sheet Items

Auditing Financial Services Products (25-35%)

(P) = Candidates must exhibit proficiency (thorough understanding, ability to apply concepts) in these syllabu areas.

(A) = Candidates must exhibit awareness (knowledge of terminology and fundamentals) in these syllabu areas.

A. Lending/Loans (A)

B. Deposits (A)

C. Trusts (A)

D. Annuities (A)

E. Derivatives (A)

F. Electronic Services (A)

G. Cash Management Services (A)

H. Stocks (A)

I. Bonds (A)

J. Commodities (A)

K. Mutual Funds (A)

L. Employee Benefits (A)

M. Capital Market Products (A)

N. Securities Lending (A)

O. Insurance Policies (A)

P. Insurance Products (A)

Q. Foreign Exchange (A)

R. Asset Management (A)

S. Money Market Products (A)

Auditing Financial Service Processes (25-35%)

(P) = Candidates must exhibit proficiency (thorough understanding, ability to apply concepts) in these syllabu areas.

(A) = Candidates must exhibit awareness (knowledge of terminology and fundamentals) in these syllabu areas.

A. Risk Management (A)

Asset/Liability Management

Trading Market Risk

Credit, Liquidity, Operational Risk

Allowance for Loan and Lease Losses


B. Underwriting (A)




Private Placement

Initial Public Offerings

C. Securitizations (A)

D. Treasury Operations (e.g., Cash Management) (A)

E. Back-office Operations (A)

F. Marketing Sales and Distribution (e.g., Insurance Agencies, Bank Branches, Brokers) (A)

G. Claims (A)

H. Investments (A)

I. Broker/Dealer Activities (A)

J. Rating Advisory Service (A)

K. Mergers and Acquisitions (A)

L. Loan Operations (e.g., Collateral Issues, Perfecting Liens) (A)

The Regulatory Environment (10-20%)

(P) = Candidates must exhibit proficiency (thorough understanding, ability to apply concepts) in these syllabu areas.

(A) = Candidates must exhibit awareness (knowledge of terminology and fundamentals) in these syllabu areas.

A. Overview of the Regulatory Environment (A)

Function of Central Bank

Function of Insurance Regulators

Function of Securities Regulators

B. Laws and Regulations (A)

Equal Credit Opportunity/Antidiscrimination

Home Mortgage Disclosure

Reserve Requirements

Insider Transactions

Lending Disclosure

Deposits Disclosure

Real Estate Sales Disclosure

Self-assessment of Internal Controls/Risk Management

Investor/Depositor Protection

Financial and Personal Information Privacy

Anti-Money Laundering

C. Stock Exchanges and Other Markets (A)

D. Money and Banking (A)

Role of Money and Banking

Bond and Stock Markets

Effect of Interest Rate Movements

Monetary Management Theories

Certified Financial Services Auditor (IIA-CFSA)
Killexams : IIA (IIA-CFSA) pdf - BingNews Search results Killexams : IIA (IIA-CFSA) pdf - BingNews Killexams : Internal Audit Killexams : Internal Audit

The Office of Internal Audit assists UNG's management by providing an independent evaluation of the soundness, adequacy, and application of accounting, financial and other operating controls necessary to accomplish the university's objectives.

Furthermore, it makes recommendations to Excellerate systems, processes, and internal controls designed to safeguard university resources, promote its mission toward academic excellence, and ensure compliance with state and federal regulations, established policies, procedure, and sound business practices.

UNG Ethical and Compliance Hotline

At UNG we  believe that each of us shares the responsibility for maintaining an ethical, honest university. While speaking to your supervisor is the most effective way to report unethical behavior, we realize that it is not always possible to do so.

The Ethics and Compliance Hotline provides two easy ways to report concerns. You can submit a report via the web or you can call 24 hours a day, seven days a week. Interview specialists will document your concerns and relay them to the university. Individuals who wish to remain anonymous may do so. Please join us in making this program a success.

When To Call

Whenever you have a concern about an observed event or employee behavior that may be in violation of a policy, you should address the issue with your immediate supervisor, the Human Resources Department, the Internal Audit Department, a University Administrator, or University Compliance Officer.  However, if you fear retaliation for reporting, or if a report is given and no apparent action is taken, you should call the hotline and report all pertinent details related to your concern.

How To Call/Times To Call

You may call the UNG Ethics & Compliance Hotline at any time during the day or night, seven days a week, year round.  The number is 877-516-3461. 

Who Will Listen?

The University System of Georgia has contracted with a third party, Navex Global, to establish hotlines at all USG institutions.  Navex employees answer the phone calls and receive the complaints filed online.

What Happens With The Information?

Navex Global employees receive the information provided by the reporter and clarify with the reporter which information can be shared with the institution and whether the reporter wants to file the r report anonymously.  The information is then put into Navex Global case management system, classified for tracking purposes and provided to the individuals authorized by the University to receive and review the complaints to determine if further investigation or actions are warranted.  Only four employees at the University receive notice of the Hotline Complaint – the Senior Vice President for Business and Finance, the Director of Internal Audit, the Associate Vice President for Human Resources/Risk/Compliance, and University General Counsel.  Once a report is submitted, it is promptly reviewed to determine what further steps should be taken.  The scope of the review and which official(s) will be involved will depend on the facts and nature of the case.  Hotline reports are handled with the utmost care and in a timely manner.


Employees may choose to make reports anonymously.  The Naves system also allows anonymous reporters to establish a “masked”.

UNG Audit Charter

Establishing Connection...

Mon, 14 Jan 2013 20:44:00 -0600 en text/html
Killexams : CHEM.2220 Organic Chemistry IIA (Formerly 84.222)
Id: 007656 Credits Min: 3 Credits Max: 3


A continuation of CHEM.2210 including an introduction to infrared and NMR spectroscopy and biochemistry. The application of organic reactions in multi-step synthesis is stressed.


Pre-Reqs: CHEM 2210 Org Chemistry I with grade of D or better; or Spring 2020 grade of "P". Co-Req: CHEM 2280L (Chemistry majors only) or CHEM 2300L Org Chemistry Lab II.

View Current Offerings
Thu, 14 Apr 2016 03:52:00 -0500 en text/html
Killexams : Types of Audit Services

Types of Audit Services

Internal audits are conducted in accordance with the International Standard for the Professional Practice of Internal Auditing as promulgated by the Institute of Internal Auditors (IIA).  Other auditing standards may be followed as deemed appropriate for the types of audits being conducted.

The WIU Office of Internal Auditing provides the following types of audit services to the University and Foundation:

Mon, 09 May 2011 16:39:00 -0500 en text/html Killexams : An Internal Audit Vs. a Consulting Role

Internal auditors are a company’s financial watchdogs. Their task is to objectively examine a company’s financial documents and review the operating procedures independent of management. When internal auditors are placed in a consulting role, they focus on a specific department instead of the overall company. This may result in a conflict of interest between the duties of the independent auditor and those of a consultant.

Wed, 18 Jul 2018 04:29:00 -0500 en-US text/html
Killexams : Group Internal Audit (GIA)

About Us

GIA is an independent, objective assurance and advisory function that provides a view on whether processes for managing and controlling risks to achieve the World Bank Group's goals, and overall governance of these processes, are adequately designed and functioning effectively.

GIA brings a systematic and disciplined approach to assess these risk management, control, and governance processes, advising management in developing control solutions and monitoring the implementation of management’s corrective actions.

GIA works across all the World Bank Group institutions, covering all operational corporate functions as well as IT systems and processes. Our work is carried out in accordance with the Institute of Internal Auditors (IIA) International Professional Practices Framework.

View GIA “snackable” video.

Looking to join GIA?

Wed, 31 Aug 2016 08:21:00 -0500 en text/html
Killexams : IIA, Odisha new office space unveiled

The Indian Institute of Architects (IIA), Odisha Chapter inaugurated its newly office space, located at Plot No. 1499/2914/6194, 3rd Floor, Soubhagya Nagar, opposite Bharat Petrol Pump, Barmunda, Bhubaneswar, on the Independence Day. The office space serves as a hub for architectural professionals and enthusiasts, facilitating collaboration, idea exchange, and the advancement of the architectural landscape within the State.

IIA Odisha Chapter chairperson Swopnadutta Mohanty expressed her enthusiasm, stating, "We are thrilled to unveil our dedicated office space on this historic day, fulfilling a longstanding dream of the chapter since its inception 35 years ago. This initiative showcases our unwavering dedication to nurturing a platform where architects can convene, inspire, innovate, and craft remarkable structures that shape our society."

Thu, 17 Aug 2023 05:34:00 -0500 en text/html
Killexams : Biomechanische Landschaft IIa, No result found, try new keyword!1976-G-001 Biomechanische Landschaft IIa, 1976, 100×70 cm, Lichtdruck. Auflage 170 + XII 1976-B-298a Published in the books Necronomicon I on page 42, Moskau catalogue p 26 The small "a" to the Number ... Thu, 23 Dec 2021 22:45:00 -0600 text/html Killexams : IIA scientists discover star that challenges previous understanding of star formations BENGALURU: A new star has struck at the roots of scientist’s previous understanding of star formation processes by showing signs of having formed through the combination of two different processes earlier thought to occur in different astrophysical environments.

This can help understand how different star formation processes influence the elemental composition of stars, the department of science and technology (DST) said.
“Elements beyond iron are created due to reactions in nuclear astrophysics called neutron capture processes. The slow (s-) process is believed to occur in low-mass stars during a particular phase called asymptotic giant branch (AGB) and the rapid (r-) process is believed to occur in Supernovae and Neutron Star mergers. One of the proposed sites for intermediate (i-) process is low-metallicity low-mass AGB stars,” DST said.

It added that understanding the relative contributions of these processes to the elemental composition of stars is important for understanding the chemical evolution of galaxies and the origins of the elements in the universe.
Scientists at the Indian Institute of Astrophysics (IIA), Bengaluru, have discovered a unique star named “HE 1005-1439 classified as a carbon-enhanced metal-poor (CEMP) star”, which defies previous classifications and challenges previous understanding of star formation processes shows signs of having been formed through the combination of two different neutron-capture processes — the slow (s-) and intermediate (i-).
The research at IIA, by Partha Pratim Goswami and supervised by Prof Aruna Goswami, used high- resolution spectroscopic data acquired using High Dispersion Spectrograph (HDS) attached to SUBARU telescope (Japan) to analyse the star’s surface chemical composition.
The team found that the iron content of the star is thousand times less than that of the sun and it is heavily enriched with neutron-capture elements, DST said.
It added: “As the observed elemental abundances could not be explained based on theoretical s-, r-, or i-process model predictions alone, researchers performed a parametric-model-based analysis of the abundances of the heavy elements to understand the origin of the observed abundance pattern. This led to the discovery of a new class of object with a distinct abundance pattern.”
The study was published in the peer-reviewed scientific journal Astronomy and Astrophysics (A&A).
“For the first time, we came across an object with a surface chemical composition that exhibits contributions from both slow (s) and intermediate (i) neutron-capture nucleosynthesis. The observed abundance pattern is quite unique and has never been observed before in any CEMP stars. Our analysis clearly indicates that the star’s surface chemical composition is being influenced by similar contributions from both the s- and i-process. The s- and i-process occur in different astrophysical environments, and hence, the surface chemical composition of HE 1005-1439 being influenced by both two processes seemed quite surprising,” said Partha Pratim Goswami who led this work.
Explaining the peculiar abundance pattern, Aruna Goswami said the team noted variations in radial velocity estimates obtained from several epochs that indicate the presence of a binary companion.
“Based on this observation, we proposed a formation scenario for HE 1005-1439 involving mass transfer from a now extinct asymptotic giant branch (AGB) companion where both i- and s- process nucleosynthesis took place during various stages of the AGB evolution,” Aruna said.
The results can also help to understand the conditions resulting in a pure s- or i-process surface abundance pattern in low-mass, low metallicity AGB stars, DST said, adding that this scenario can be helpful in explaining the smooth transition of elemental abundances from the CEMP-s to CEMP-r/s regime.
Fri, 11 Aug 2023 04:56:00 -0500 en text/html
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