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IIA IIA-CFSA-INS Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Auditing Financial Services Processes25-35%- Core Insurance Processes
  • 1. Actuarial processes
  • 2. Policy administration
  • 3. Underwriting operations
  • 4. Claims management
- Operational and Financial Processes
  • 1. Financial reporting
  • 2. Information technology controls
  • 3. Fraud prevention and detection
  • 4. Business continuity management
Topic 2: The Regulatory Environment10-20%- Insurance Regulation
  • 1. Insurance regulatory frameworks
  • 2. Consumer protection regulations
  • 3. Anti-money laundering requirements
  • 4. Solvency and capital requirements
Topic 3: Insurance Discipline20%- Insurance Products
  • 1. Property and casualty insurance
  • 2. Life insurance
  • 3. Health insurance
  • 4. Reinsurance
- Insurance Processes
  • 1. Risk management
  • 2. Underwriting
  • 3. Claims processing
  • 4. Actuarial functions
- Insurance Regulatory Environment
  • 1. Insurance laws and regulations
  • 2. Regulatory reporting
  • 3. Capital adequacy requirements
Topic 4: Auditing Financial Services Products25-35%- Product Risks and Controls
  • 1. Pricing and reserving risks
  • 2. Product compliance requirements
  • 3. Underwriting risks
- Insurance Products
  • 1. Health insurance products
  • 2. Property and casualty insurance
  • 3. Life insurance products
  • 4. Reinsurance arrangements
Topic 5: Financial Services Auditing25-35%- IIA International Professional Practices Framework
  • 1. Risk-based auditing
  • 2. Governance and internal control
  • 3. Code of Ethics
  • 4. International Standards for the Professional Practice of Internal Auditing
- Financial Services Risk Framework
  • 1. Audit planning and execution
  • 2. Risk assessment methodologies
  • 3. Enterprise risk management

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