Domain III: Auditing Financial Service Processes (25-35%)

A. Risk Management (A)

1. Asset/Liability Management
2. Trading Market Risk
3. Credit, Liquidity, Operational Risk
4. Allowance for Loan and Lease Losses
5. Reserves

B. Underwriting (A)

1. Loans
2. Securities
3. Insurance
4. Private Placement
5. Initial Public Offerings

C. Securitizations (A)

D. Treasury Operations (e.g., Cash Management) (A)

E. Back-office Operations (A)

F. Marketing Sales and Distribution (e.g., Insurance Agencies, Bank Branches, Brokers) (A)

G. Claims (A)

H. Investments (A)

I. Broker/Dealer Activities (A)

J. Rating Advisory Service (A)

K. Mergers and Acquisitions (A)

L. Loan Operations (e.g., Collateral Issues, Perfecting Liens) (A)

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.