Pass the actual test with the help of IIA-CFSA study guide
Last Updated: Sep 03, 2026
No. of Questions: 511 Questions & Answers with Testing Engine
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Every candidate studies differently, so Actualtests4sure offers the IIA Certified Financial Services Auditor practice questions in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. Pick the one that fits your routine and start working through 511 questions today.
| Certification Vendor: | The Institute of Internal Auditors (IIA) |
|---|---|
| Exam Name: | Certified Financial Services Auditor Exam |
| Exam Number: | IIA-CFSA |
| Related Certifications: | CRMA CIA QIAL |
| Real Exam Qty: | 115–125 |
| Certificate Validity Period: | Valid for 3 years; requires continuing professional education (CPE) for renewal |
| Exam Duration: | 175 minutes |
| Available Languages: | Spanish, Italian, Portuguese, English, Chinese |
| Passing Score: | 600 (scaled 250–750) |
| Exam Price: | $230 USD (IIA Member) / $285 USD (Non-Member) |
| Exam Format: | Multiple-Choice Questions, Computer-Based Testing (CBT) |
| Recommended Training: | IIA Official CFSA Learning Materials |
| Exam Registration: | Pearson VUE Scheduling IIA Certification Portal |
| Sample Questions: | IIA IIA-CFSA Sample Questions |
| Exam Way: | In-person at Pearson VUE test centers; Online proctored option available |
| Pre Condition: | Hold a bachelor's degree or higher; 2 years of internal audit/financial services experience; agree to IIA Code of Ethics |
| Official Syllabus URL: | https://www.theiia.org/en/certifications/specialty-certifications/cfsa/ |
| Section | Weight | Objectives |
|---|---|---|
| Selected Discipline (One Option) | 20% | - Banking - Insurance - Securities and Investments |
| Auditing Financial Services Processes | 25–35% | - Operations and transaction processing - Risk and compliance processes - Technology and information systems |
| Financial Services Auditing | 25–35% | - Governance, risk management, and control - Audit planning, execution, and reporting - Auditing standards and frameworks |
| The Regulatory Environment | 10–20% | - Compliance requirements and reporting - Regulatory oversight and enforcement - Global and regional financial regulations |
| Auditing Financial Services Products | 25–35% | - Insurance products and operations - Securities and investment products - Banking products and services |
The IIA IIA-CFSA exam, officially titled Certified Financial Services Auditor, is the required test for earning the Certified Financial Services Auditor (CFSA) certification, a credential at the Professional Specialty level. Passing it validates the skills IIA expects from certified professionals, and it can also support progress toward related credentials such as CIA, CRMA, QIAL.
The IIA-CFSA exam includes 115–125 questions, and you have 175 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.
You need 600 (scaled 250–750) to pass the IIA-CFSA exam, and the official registration fee is $230 USD (IIA Member) / $285 USD (Non-Member). Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.
IIA asks candidates to meet the following requirement before registering: Hold a bachelor's degree or higher; 2 years of internal audit/financial services experience; agree to IIA Code of Ethics. Exam policies do change, so confirm the latest details on the official exam page at https://www.theiia.org/en/certifications/specialty-certifications/cfsa/ before you book.
You can book your seat through the official registration channels below:
The IIA-CFSA exam is delivered in the following format: In-person at Pearson VUE test centers; Online proctored option available.
IIA recommends the following official training for this exam:
A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 511 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.
Yes. Actualtests4sure offers a free PDF demo of the IIA Certified Financial Services Auditor practice questions, so you can judge the quality and format before purchasing. After you buy, your purchase includes 365 days of free updates; if the product expires after that period, you can extend the update service at a 50% discount from your member zone.
Every Actualtests4sure order is covered by a 100% Money Back Guarantee. If you take the corresponding IIA-CFSA exam within 60 days of purchase and do not pass, send a scan of your exam enrollment slip together with your official Score Report PDF within two days of the exam date, and your claim will be processed within seven days. The candidate name must match the payer name, and the guarantee does not apply if you take the exam within three days of purchase, if you downloaded the product but never took the exam, or to free materials and expired orders. If you would rather have fresh material than a refund, you can exchange your purchase for two additional exam products of equal value at no cost and keep the update service on your original product. Delivery itself is instant: your download is available right after payment and a copy is emailed to you within one minute — if nothing arrives within two hours, contact our support team. You may install the software on as many computers as you need.
The IIA Certified Financial Services Auditor exam is organized into 5 major domains. Some of the key domains include:
Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.
Question 1
Money market funds:
A. Can invest in only certain high-quality, short-term investments issued by Federal State and local government
B. Try to keep their NAV at a stable $1.00 per share
C. All of these
D. Pay dividends that generally reflect short-term interest rates
Question 2
Factor/s that influences/influence the state of an organization's control environment is/are:
A. Whether management emphasizes and values competence, integrity, and ethical behavior
B. An inconsistent or unfair employee performance evaluation, compensation and promotion system.
C. All of these
D. Organizational history of control weakness or violations
Question 3
Cash and due from other bank accounts that are listed as a caption on the balance sheet include all currency and coin, cash being collected, and account balances with other banks:
A. Except material-interest-bearing accounts which should be disclosed separately
B. Preferably material interest bearing accounts.
C. Including material interest bearing accounts, which should be disclosed separately.
D. None of these
Question 4
IF a securitization transaction meets FAS 125 sale or servicing criteria, the seller must recognize any gain or loss on the sale of the pool immediately and carry any retained interests in the assets sold ( including servicing rights/obligation and interest-only strips) at ____________.
A. Premium Amount
B. Both A&C
C. Fair value
D. Principal value
Question 5
Occasionally, a company will issue additional shares of its stocks, called ____________, to raise additional capital.
A. Preferred Offering
B. Private Placement
C. Secondary Offering
D. IPO
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: C |
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