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IIA IIA-CFSA-SEC Exam Syllabus Topics:

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