Exam Content: CFSA

The CFSA exam tests a candidate’s knowledge of current internal auditing practices and understanding of internal audit issues, risks, and remedies in the financial services industry. The exam consists of 115 multiple-choice questions. Candidates are given 3 hours to complete the exam.

A candidate may not choose or be tested on more than one discipline. (Note: The CFSA designation does not distinguish one chosen discipline from another.)

  • DOMAIN I – FINANCIAL SERVICES AUDITING (25-35%)

  • DOMAIN II – AUDITING FINANCIAL SERVICES PRODUCTS (25-35%)

  • DOMAIN III – AUDITING FINANCIAL SEVICE PROCESSES (25-35%)

  • DOMAIN IV – THE REGULATORY ENVIRONMENT (10-20%)

  • BANKING DISCIPLINE (25 QUESTIONS)

  • INSURANCE DISCIPLINE (25 QUESTIONS)

  • SECURITIES DISCIPLINE (25 QUESTIONS)