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Updated: Jun 11, 2026
Q & A: 162 Questions and Answers
The purpose of the BCS FBA15 certification exam is to exam the candidate knowledge and understanding of financial banking audits. It is designed for students who are interested in entering the finance and banking industries as financial auditors or bank accountants/financial auditors, as well as students who wish to develop their careers in this field. It also exams their abilities in delivering, planning, and executing financial audits. This exam assesses their ability to plan, execute, and close out financial banking audits in accordance with the industry standards.
Reference: https://www2.bcs.org/certifications/ba/business-analysis-foundation-certificate
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The scope of the BCS FBA15 Certification exam also includes topics related to international finance and banking, corporate finance and banking, financial statements, internal audit standards and procedures, financial management policies and systems, investigative skills, information security policies and procedures for companies that are located outside the USA. The certification also measures a candidate knowledge of the IT and non-IT services that are related to the financial banking audits. To obtain this certification, one must have passed the BCS FBA15 exam. Candidates should be familiar with all aspects of financial banking audits. They should understand financial institutions and their functions, internal controls, and risk management policies within a company. They should also have an understanding of personal identity verification, software development life cycle (SDLC), information security policies including cryptography and digital signature standards, and online banking practices.
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