Domain I: Financial Services Auditing (25-35%)

A. IIA Professional Practices Framework (P)

B. Internal Control/ Risk Management/ Governance (P)

1. Internal Control Frameworks
2. Risk Management Frameworks
3. Governance Models

C. Audit Process (P)

1. Audit Planning
2. Audit Fieldwork
 a. Risk Assessment
 b. Analytical Review
 c. Data Gathering and Evaluation
 d. Testing
 e. Tools and Techniques (e.g., CAAT)

3. Audit Communications
4. Monitoring Outcomes

D. Implications of Information Technology (P)

E. Auditing Financial Statement Elements (P)

1. Balance Sheet
2. Statement of Cash Flows
3. Income/Expense Statement
4. Off Balance-sheet Items

P=Candidates must exhibit proficiency (thorough understanding, ability to apply concepts) in these topic areas.
A=Candidates must exhibit awareness (knowledge of terminology and fundamentals) in these topic areas.