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IIA IIA-CFSA-SEC Exam Syllabus Topics:

SectionWeightObjectives
Financial Services Auditing25-35%- Professional Auditing Standards
  • 1. Risk-based auditing
  • 2. Code of Ethics
  • 3. IIA International Professional Practices Framework
  • 4. Internal control evaluation
- Audit Methodology
  • 1. Audit evidence and reporting
  • 2. Planning and scoping engagements
  • 3. Risk assessment techniques
Securities Discipline20%- Securities Industry Risk Management
  • 1. Operational risk management
  • 2. Market risk management
  • 3. Counterparty risk management
- Investment Products
  • 1. Mutual funds
  • 2. Equities
  • 3. Fixed-income securities
  • 4. Derivatives
- Capital Markets
  • 1. Trading mechanisms
  • 2. Primary and secondary markets
  • 3. Market participants
Auditing Financial Services Processes25-35%- Securities Operations
  • 1. Order management and execution
  • 2. Clearing and settlement
  • 3. Custody services
  • 4. Trading activities
- Support and Control Processes
  • 1. Business continuity management
  • 2. Financial reporting
  • 3. Fraud prevention and detection
  • 4. Information technology controls
The Regulatory Environment10-20%- Securities Regulation
  • 1. Anti-money laundering requirements
  • 2. Securities laws and regulations
  • 3. Self-regulatory organizations
  • 4. Market conduct requirements
Auditing Financial Services Products25-35%- Securities Products
  • 1. Debt securities
  • 2. Mutual funds and collective investment schemes
  • 3. Derivative instruments
  • 4. Equity securities
- Product Risks and Controls
  • 1. Market risk
  • 2. Liquidity risk
  • 3. Compliance risk
  • 4. Credit risk

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