Exam Content
The CFSA exam tests a candidate's knowledge of current auditing practices and understanding of internal audit issues, risks, and remedies in the financial services industry.
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The exam consists of 125 multiple-choice questions.
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The testing period is three hours and fifteen minutes.
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Exam questions are all multiple-choice (objective) with four-answer choice.
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100 questions will cover all three disciplines - banking, insurance, and securities.
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25 questions will be relate to the candidates' chosen discipline and will be at the proficiency level.
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CFSA candidates may choose any one of the three disciplines as part of their CFSA exam test.
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Candidates may not choose to be tested on more than one discipline.
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The CFSA designation does not distinguish one chosen discipline from another.
Exam Nondisclosure
The CFSA exam is a nondisclosed examination, which means that current exam questions and answers will not be published or divulged.
Note: Exam topics and/or format are subject to change as approved by the Board of Regents.