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IIA IIA-CFSA-SEC Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Auditing Financial Services Processes25-35%- Support and Control Processes
  • 1. Business continuity management
  • 2. Financial reporting
  • 3. Information technology controls
  • 4. Fraud prevention and detection
- Securities Operations
  • 1. Trading activities
  • 2. Custody services
  • 3. Order management and execution
  • 4. Clearing and settlement
Topic 2: The Regulatory Environment10-20%- Securities Regulation
  • 1. Anti-money laundering requirements
  • 2. Market conduct requirements
  • 3. Securities laws and regulations
  • 4. Self-regulatory organizations
Topic 3: Auditing Financial Services Products25-35%- Securities Products
  • 1. Equity securities
  • 2. Debt securities
  • 3. Mutual funds and collective investment schemes
  • 4. Derivative instruments
- Product Risks and Controls
  • 1. Market risk
  • 2. Compliance risk
  • 3. Liquidity risk
  • 4. Credit risk
Topic 4: Securities Discipline20%- Investment Products
  • 1. Mutual funds
  • 2. Derivatives
  • 3. Fixed-income securities
  • 4. Equities
- Capital Markets
  • 1. Primary and secondary markets
  • 2. Market participants
  • 3. Trading mechanisms
- Securities Industry Risk Management
  • 1. Market risk management
  • 2. Operational risk management
  • 3. Counterparty risk management
Topic 5: Financial Services Auditing25-35%- Audit Methodology
  • 1. Audit evidence and reporting
  • 2. Planning and scoping engagements
  • 3. Risk assessment techniques
- Professional Auditing Standards
  • 1. Risk-based auditing
  • 2. Internal control evaluation
  • 3. Code of Ethics
  • 4. IIA International Professional Practices Framework

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