Study with IIA-CFSA-SEC Actual Test Questions

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Last Updated: Aug 19, 2026

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

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