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IIA-CFSA-BANK (Certified Financial Services Auditor - Banking) Certification Exam is designed to measure a candidate's knowledge and understanding of the banking industry and its specific auditing requirements. Certified Financial Services Auditor - Banking certification is ideal for internal auditors, risk management professionals, and other financial services professionals who want to demonstrate their expertise in the banking sector. IIA-CFSA-BANK exam covers topics such as banking regulations, financial analysis, and risk management, and it is based on the International Professional Practices Framework (IPPF) established by the Institute of Internal Auditors (IIA).
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IIA-CFSA-BANK Exam is a rigorous and challenging certification program that requires candidates to have a solid understanding of the banking industry. IIA-CFSA-BANK exam consists of 125 multiple-choice questions that must be answered in four hours. In order to pass the exam, candidates must score at least 600 on a scale of 250 to 750.
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| Section | Weight | Objectives |
|---|---|---|
| Regulatory Environment & Compliance | 15% | - Anti-money laundering (AML) and sanctions - Consumer protection and reporting - Global banking regulations |
| Banking Operations & Products | 25% | - Payments and settlement systems - Retail and commercial banking activities - Credit and lending products - Treasury and capital markets |
| Risk Management in Banking | 20% | - Market and liquidity risk - Operational and compliance risk - Credit risk management - Capital adequacy and stress testing |
| Financial Services Auditing Standards & Practices | 30% | - Governance and ethics in financial services - Audit planning, risk assessment, and fieldwork - IIA International Professional Practices Framework - Internal control frameworks |
| Banking Specialty (20% of total) | 10% | - Auditing specific banking processes - Fraud detection and prevention - IT and cybersecurity in banking |
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