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IIA IIA-CFSA-INS Exam Syllabus Topics:

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

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