Passing the Financial CCSA (Certification in Control Self-Assessment) exam is a significant achievement in the financial industry. This certification proves that you have the necessary skills and knowledge to perform internal control self-assessments effectively. In this guide, I will provide you with an overview of the CCSA exam, including exam objectives, exam details, prerequisites, and related books that can help you pass the exam.
Exam Objectives:
The CCSA exam covers the following topics:
- Control Self-Assessment Fundamentals
- Risk Management Fundamentals
- Relationship of CSA to Risk Management
- Business Objectives and Organizational Performance
- CSA and Organizational Governance
- CSA and Organizational Culture
- CSA and Organizational Structure
- CSA Methodology and Techniques
- CSA and Information Technology
- CSA and Fraud
The exam aims to assess your knowledge and understanding of the principles and practices of control self-assessment. You will be tested on your ability to apply CSA methodologies and techniques in different organizational contexts, including governance, risk management, and fraud prevention.
Exam Details:
The CCSA exam is a computer-based exam that consists of 125 multiple-choice questions. You will have 2.5 hours to complete the exam. The passing score for the exam is 70%. The exam fee is $395 for IIA members and $545 for non-members. The exam is delivered through Pearson VUE test centers worldwide, and you can schedule the exam online through the IIA website.
The exam format is as follows:
- 125 multiple-choice questions
- 2.5 hours to complete the exam
- Computer-based exam
- Delivered through Pearson VUE test centers
Who Should Take the Exam?
The CCSA exam is designed for individuals who are involved in internal auditing, risk management, or control self-assessment activities. This includes internal auditors, risk managers, compliance officers, and other professionals who are responsible for evaluating and improving the effectiveness of organizational controls. The exam is suitable for both new and experienced professionals who want to enhance their knowledge and skills in control self-assessment.
Prerequisites and Qualifications:
There are no specific prerequisites for taking the CCSA exam. However, it is recommended that you have at least two years of experience in internal auditing, control self-assessment, or related fields. You should also have a basic understanding of internal control concepts and principles.
Related Books:
There are several books that can help you prepare for the CCSA exam. Here are some of the most recommended ones:
- Control Self-Assessment: A Practical Guide by Larry Hubbard
- Principles of Risk Management and Insurance by George E. Rejda and Michael McNamara
- Fraud Examination by W. Steve Albrecht, Chad O. Albrecht, and Conan C. Albrecht
- Internal Control: A Study of Concept and Themes by Ahmed Ebrahim Al-Ajmi
- Information Technology Control and Audit by Frederick Galleg
a and Sandra Senft
These books cover the key topics and concepts that are tested in the CCSA exam. They provide comprehensive coverage of control self-assessment, risk management, and fraud prevention, as well as the principles and practices of internal control.
In conclusion, passing the CCSA exam requires a thorough understanding of the principles and practices of control self-assessment. You should have a solid foundation in internal control concepts and principles, as well as experience in internal auditing or related fields. To prepare for the exam, you should review the exam objectives, study the recommended books, and practice using sample questions and mock exams. By following these steps, you can increase your chances of passing the CCSA exam and achieving this valuable certification.