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The Certified Financial Services Auditor - Banking certification program is highly respected in the industry and is recognized by many employers as a standard for excellence in internal audit services within the banking industry. The program is also designed to help professionals advance their careers and increase their earning potential by demonstrating their proficiency in the field.

IIA-CFSA-BANK certification is an important credential for professionals working in the banking and financial services industry. Certified Financial Services Auditor - Banking certification demonstrates an individual's expertise in banking regulations, risk management, financial reporting, and internal audit practices. It is a globally recognized certification that can help professionals advance their careers and increase their earning potential.

IIA-CFSA-BANK exam covers a broad range of topics related to banking, including risk management, loan review, regulatory compliance, and auditing. IIA-CFSA-BANK exam is divided into four sections, each with its own subtopics. The first section focuses on the banking industry and its environment, while the second section covers auditing techniques specific to banking institutions. The third section examines banking products and services, and the fourth section concentrates on regulatory compliance.

IIA IIA-CFSA-BANK Exam Overview:

Certification Vendor:Institute of Internal Auditors (IIA)
Exam Name:Certified Financial Services Auditor - Banking Specialty Exam
Exam Number:IIA-CFSA-BANK
Related Certifications:CFSA
CCSA
CRMA
CIA
Available Languages:English
Real Exam Qty:115
Exam Duration:175 minutes
Exam Format:Computer-based, Multiple-choice questions
Certificate Validity Period:Program closed December 31, 2020; Completed certifications remain valid
Passing Score:600 (scaled 250–750)
Exam Price:Members: $395 USD; Non-members: $495 USD
Recommended Training:IIA CFSA Study Guide & Materials
Exam Registration:Pearson VUE Scheduling
IIA Certification Portal
Exam Way:Computer-based testing at Pearson VUE centers or online proctored
Pre Condition:Bachelor's degree + 2 years financial services audit experience; or equivalent education/experience; agree to IIA Code of Ethics
Official Syllabus URL:https://na.theiia.org/certification/CFSA-Certification/Pages/CFSA-Certification.aspx

To be eligible for the IIA-CFSA-BANK certification exam, candidates must have a minimum of two years of experience in internal auditing or a related field. They must also have a bachelor's degree or higher from an accredited institution or an equivalent certification, such as the Certified Internal Auditor (CIA) or the Certified Public Accountant (CPA) designation.

IIA IIA-CFSA-BANK Exam Syllabus Topics:

SectionWeightObjectives
Regulatory Environment & Compliance15%- Global banking regulations
- Consumer protection and reporting
- Anti-money laundering (AML) and sanctions
Banking Specialty (20% of total)10%- IT and cybersecurity in banking
- Auditing specific banking processes
- Fraud detection and prevention
Banking Operations & Products25%- Treasury and capital markets
- Payments and settlement systems
- Credit and lending products
- Retail and commercial banking activities
Financial Services Auditing Standards & Practices30%- Audit planning, risk assessment, and fieldwork
- Governance and ethics in financial services
- IIA International Professional Practices Framework
- Internal control frameworks
Risk Management in Banking20%- Credit risk management
- Market and liquidity risk
- Operational and compliance risk
- Capital adequacy and stress testing

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