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IIA IIA-CFSA-INS Exam Overview:

Certification Vendor:The Institute of Internal Auditors (IIA)
Exam Name:CFSA – Insurance Specialty Exam
Exam Number:IIA-CFSA-INS
Certificate Validity Period:3 years (renewal required via CPE credits)
Exam Duration:180 minutes
Real Exam Qty:Approximately 115 multiple-choice questions (varies)
Exam Format:Computer-based testing, Multiple-choice questions
Available Languages:English
Related Certifications:Certified Internal Auditor (CIA)
Certification in Risk Management Assurance (CRMA)
Exam Price:Varies by region and membership status (typically USD pricing set by IIA)
Passing Score:Scaled score 600/750
Recommended Training:IIA Learning & Development (CFSA preparation resources)
Exam Registration:IIA Certification Portal
Exam Way:Computer-based exam delivered via authorized testing centers (e.g., Pearson VUE or IIA-approved platforms depending on region).
Pre Condition:No formal prerequisites required; professional auditing or financial services experience recommended.
Official Syllabus URL:https://www.theiia.org/en/certifications/cfsa/

IIA IIA-CFSA-INS Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management and Governance- Enterprise risk management in financial services
  • 1. Governance structures in regulated industries
    • 2. Operational and compliance risk concepts
      Topic 2: Insurance Industry Audit Focus- Insurance business models and risk exposure
      • 1. Regulatory compliance in insurance operations
        • 2. Underwriting and claims audit considerations
          • 3. Reserving and actuarial assumptions review
            Topic 3: Regulatory and Compliance Environment- Financial services regulatory frameworks
            • 1. Anti-fraud and AML controls in insurance sector
              • 2. Insurance regulatory requirements and standards
                Topic 4: Financial Services Auditing Fundamentals- Audit methodology in financial services organizations
                • 1. Internal control frameworks and application
                  • 2. Risk-based audit planning in financial institutions

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