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IIA IIA-CFSA-SEC Exam Syllabus Topics:

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

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