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IIA-CFSA-BANK certification exam covers a range of topics related to banking operations, including risk management, regulatory compliance, and financial reporting. IIA-CFSA-BANK exam consists of 125 multiple-choice questions that must be answered within four hours. To be eligible for the exam, candidates must have a minimum of two years of experience in banking or financial services auditing, and must also meet the IIA's eligibility requirements. The IIA-CFSA-BANK certification is valid for three years, after which candidates must complete continuing education requirements in order to maintain their certification.
Earning the IIA-CFSA-BANK certification demonstrates a professional's commitment to excellence in the auditing of financial services organizations. It indicates that the individual has a comprehensive understanding of the industry's regulations, laws, and best practices. Certified Financial Services Auditor - Banking certification also provides professionals with a competitive edge when seeking employment opportunities or advancing their careers within the financial services industry.
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IIA IIA-CFSA-BANK Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Banking Specialty (20% of total) | 10% | - IT and cybersecurity in banking - Auditing specific banking processes - Fraud detection and prevention |
| Risk Management in Banking | 20% | - Credit risk management - Operational and compliance risk - Capital adequacy and stress testing - Market and liquidity risk |
| Regulatory Environment & Compliance | 15% | - Global banking regulations - Consumer protection and reporting - Anti-money laundering (AML) and sanctions |
| Financial Services Auditing Standards & Practices | 30% | - IIA International Professional Practices Framework - Audit planning, risk assessment, and fieldwork - Internal control frameworks - Governance and ethics in financial services |
| Banking Operations & Products | 25% | - Retail and commercial banking activities - Payments and settlement systems - Credit and lending products - Treasury and capital markets |
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