NISM Series-XIV: Internal Auditors for Stock Brokers
NISM Series-XIV: Internal Auditors for Stock Brokers
NISM Series XIV: Internal Auditors for Stock Brokers
The examination seeks to create a common minimum knowledge benchmark for Auditors (who are chartered accountants, company secretaries or cost and management accountants as mentioned in SEBI Circular no. MRD/DMS/Cir-29/2008 dated October 21, 2008) and/or its employees or partners signing the internal audit report.
The exam will further seek to ensure understanding of regulatory framework under which the stock brokers perform their various activities, the operations performed by the Stock brokers and compliance and reporting requirements from audit perspective.
Prerequisite for the exam
There are no prerequisites required for NISM Series XIV: Internal Auditors for Stock Brokers Exam.
Examination Objectives:
The examination seeks to create a common minimum knowledge benchmark for Independent Chartered Accountants, Company Secretaries and Management Accountants, who carry out Internal Audit of the Operations of Stock Brokers/Clearing Members.
On successful completion of the examination the candidate should:
• Know regulatory framework under which the stock brokers perform their various activities.
• Understand the various operations performed by the Stock brokers
• Understand the various compliance and reporting requirements from audit perspective
Exam Format and Information
Exam Name NISM Series XIV: Internal Auditors for Stock Brokers | Exam Code 0 |
| Exam Duration 120 mins | Exam Format Multiple Choice |
| Exam Type 0 | Number of Questions 100 Questions |
| Validity 3 Years | Exam Fee Rs 1770 |
| Exam Language English | Pass Score 60% and above |
NISM Series-XIV: Internal Auditors for Stock Brokers FAQs
Do TestprepTraining provide practice set questions for NISM Series XIV: Internal Auditors for Stock Brokers Exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the NISM Series XIV: Internal Auditors for Stock Brokers Exam which can be used before the final purchase for complete test.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM Series XIV: Internal Auditors for Stock Brokers Exam cost.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Internal Auditors for Stock Brokers Certification Examination or successfully pass the NISM-Series-XIV: Internal Auditors for Stock Brokers Certification Examination before the expiry of such certificate.
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
What is NISM Series XIV: Internal Auditors for Stock Brokers Exam?
The examination seeks to create a common minimum knowledge benchmark for Auditors (who are chartered accountants, company secretaries or cost and management accountants as mentioned in SEBI Circular no. MRD/DMS/Cir-29/2008 dated October 21, 2008) and/or its employees or partners signing the internal audit report.
The exam will further seek to ensure understanding of regulatory framework under which the stock brokers perform their various activities, the operations performed by the Stock brokers and compliance and reporting requirements from audit perspective.
What number of questions will there be in the exam?
There will be 100 questions in the exam.
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
Examination Objectives:
The examination seeks to create a common minimum knowledge benchmark for Independent Chartered Accountants, Company Secretaries and Management Accountants, who carry out Internal Audit of the Operations of Stock Brokers/Clearing Members.
On successful completion of the examination the candidate should:
• Know regulatory framework under which the stock brokers perform their various activities.
• Understand the various operations performed by the Stock brokers
• Understand the various compliance and reporting requirements from audit perspective
What is the assessment structure?
The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score on the examination is 60 percent. There shall be negative marking of 25 percent of the marks assigned to a question.
What is the fee structure of the exam?
The fees for NISM Series XIV: Internal Auditors for Stock Brokers Exam is Rupees One Thousand Five Hundred only (Rs. 1770/-).
How many questions will be there in the exam?
There will be 100 questions which have to be completed in 120 minutes.
Is there any prerequisite for the exam?
There are no prerequisites required for NISM Series XIV: Internal Auditors for Stock Brokers Exam.
What is the passing score of the exam?
The candidate has to secure 60% in order to pass the exam.