AICB Bank Audit Practices (BKA, Malaysia) study guide
AICB Bank Audit Practices (BKA, Malaysia) · Work through your exam, one topic at a time.
The AICB Bank Audit Practices (BKA) certification is offered by the Asian Institute of Chartered Bankers (AICB) for professionals who audit or oversee audit functions within Malaysian banks and financial institutions. It validates practical knowledge of internal audit methodology in a banking context, from governance and risk management through credit, treasury, operational risk, compliance, and reporting. The AICB Bank Audit Practices (BKA, Malaysia) study guide has 8 sections and about 2,575 words.
01Governance, risk management and the internal control framework
This domain asks how an internal auditor forms an opinion on governance, risk management and the internal control framework in a Malaysian licensed bank. Expect questions on board and audit committee oversight, the three lines model, risk appetite, COSO components, and BNM corporate governance expectations under the FSA 2013 and IFSA 2013.
370 words, about 2 min02Audit planning, risk assessment and materiality
This domain tests risk-based audit planning, engagement scoping and materiality in a bank audit. Questions often require you to distinguish the annual audit plan from the engagement plan, and to justify scope using risk rather than habit.
351 words, about 2 min03Audit evidence, sampling, testing and working papers
This domain tests whether evidence is sufficient, appropriate and properly documented to support conclusions. Expect questions on evidence reliability, sampling methods, exception evaluation and working paper review.
321 words, about 2 min04Credit risk and loan portfolio audit
This domain tests audit of credit underwriting, approval, monitoring, classification and impairment. Questions often focus on collateral, related-party lending, MFRS 9 staging and whether portfolio data supports the reported allowance.
315 words, about 2 min05Treasury, market risk and liquidity risk audit
This domain tests controls over treasury dealing, market risk measurement and liquidity risk management. Expect questions on segregation of duties, limit monitoring, independent price verification, VaR backtesting and liquidity ratios.
304 words, about 2 min06Operational risk, fraud and internal controls over banking operations
This domain tests identification and audit of operational risk and fraud controls across banking operations. Questions often involve reconciliations, maker-checker, access control, suspense accounts, outsourcing and loss events.
288 words, about 1 min07Regulatory compliance, AML/CFT and financial crime audit
This domain tests audit of compliance risk, AML/CFT controls and financial crime risk. Expect questions on customer due diligence, beneficial ownership, sanctions screening, suspicious transaction reporting and regulatory returns.
317 words, about 2 min08Audit reporting, communication, follow-up and quality assurance
This domain tests whether audit findings are communicated clearly, actioned and quality assured. Questions often require rewriting weak findings, assessing management responses and evaluating follow-up evidence.
309 words, about 2 min