Read CFSA Cram Guide with Exam Cram to pass your exam
Our CFSA practice questions Question Bank equips you with all the essential tools to excel in your certification exam. The IIA CFSA test resources include premium test questions with Verified answers, meticulously crafted to mirror the actual Certified Financial Services Auditor (IIA-CFSA) exam. These high-quality materials are tailored specifically for the CFSA Exam. At Killexams.com, we confidently certain your success, empowering you to achieve top scores in your CFSA test with our comprehensive TestPrep Practice Tests, online test engine, and

While numerous providers offer CFSA material online, many supply outdated and inaccurate resources. It is crucial to choose a reliable and current CFSA provider like Killexams.com. By trusting Killexams.com, you avoid squandering hundreds of dollars on invalid CFSA materials. Visit our website to obtain 100% free CFSA demo practice questions questions to confirm your satisfaction. Register for a three-month account to access the latest and valid CFSA Practice Tests, featuring real CFSA test questions and answers. Additionally, obtain the CFSA VCE test simulator to enhance your test preparation.

At Killexams.com, we provide the most recent, valid, and up-to-date IIA CFSA Practice Tests, offering the optimal path to pass the Certified Financial Services Auditor (IIA-CFSA) test and elevate your expertise within your organization. Our esteemed reputation is built on empowering candidates to succeed in the CFSA test on their first attempt, maintaining top performance for over four years. Clients rely on our CFSA practice questions and VCE for their actual CFSA exam. Killexams.com is the premier source for authentic CFSA test questions, consistently updating our CFSA materials to ensure they remain legitimate and current, supported by our premium TestPrep Practice Tests, online test engine, and desktop test engine.

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

Testing

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

Reserves

B. Underwriting (A)

Loans

Securities

Insurance

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