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There is also a specimen exam paper giving examples of the type of questions you will be asked.  \nAdditional information about the Module 5 exam, including:  \n• How to enter for the exam  \n• What will happen at the exam centre  \ncan be found in the:  \n• Student Actuarial Analyst Handbook  \nIf you have any further questions contact the CAA Administration Team who will be happy to help you.  \nEmail the team at:  \nenquiries @[caa-global.org](caa-global.org)  \n@  \nPage 3 CAA Module 5 Resource Guide  \nThe Certified Actuarial Analyst qualification  \nThere are seven exams which you will need to complete for the qualification:  \n\n| Module title | Assessed by |\n| --- | --- |\n| Fundamental Mathematics & Statistics – Module 0 | 2 hour Computer Based Assessment |\n| Finance and Financial Mathematics – Module 1 | 2 hour Computer Based Assessment |\n| Statistics and Models\u003Cbr>– Module 2 | 2 hour Computer Based Assessment |\n| Long Term Actuarial Mathematics – Module 3 | 2 hour Computer Based Assessment |\n| Short Term Actuarial Mathematics – Module 4 | 2 hour Computer Based Assessment of 60 questions |\n| Models and Audit Trails\u003Cbr>– Module 5 | 3 hour examination |\n| Online Professional Awareness Test (PAT) | 90 minute examination |\n\nIn addition to passing the above exams, you must complete at least one year of relevant work experience (Work-based skills) .  \nPage 4 CAA Module 5 Resource Guide  \nThe syllabus for the Module 5 exam  \nThe mathematical topics covered by the Module 5 exam are:  \n• Development of a spreadsheet model to solve a specified problem  \n• Production of an audit trail for use by a fellow CAA student  \nYou can find the full Module 5 syllabus in Appendix 1 of this Resource guide.  \nAssessment of the Module 5 exam  \nThe Module 5 exam is assessed by a 3 hour online exam with an additional 15 minutes reading time before the start of the exam.  \nPass standards for the exam are set by CAA Global. Details of pass standards for CAA exams will be published in due course.  \nStudying for the Module 5 exam  \nRecommended study hours  \nWe recommend that you spend 100 hours studying to prepare for the exam.  \n100  \nPage 5 CAA Module 5 Resource Guide  \nTuition  \nBPP Actuarial Education ","cbCaikCOaMOL0JIU","https://ap.wps.com/l/cbCaikCOaMOL0JIU","pdf",551833,14,"English","# Welcome to Module 5-Models and Audit Trails\n# The Certified Actuarial Analyst qualification\n# The syllabus for the Module 5 exam\n## Development of a spreadsheet model\n## Production of an audit trail\n# Assessment of the Module 5 exam\n# Studying for the Module 5 exam\n## Recommended study hours\n## Tuition\n## Free online resources\n# Specimen exam paper\n# Calculators\n# Appendix 1 Syllabus: Module 5 – Models and Audit Trails\n# Appendix 2 Syllabus: Module 5 – Excel knowledge\n# Appendix 3 Specimen Examination Paper: Module 5 – Models and Audit Trails","[{\"question\":\"What is the aim of Module 5 for the Certified Actuarial Analyst qualification?\",\"answer\":\"The aim is to ensure the successful candidate can model data while maintaining an audit trail to document the work.\"},{\"question\":\"What topics are covered in the Module 5 exam syllabus?\",\"answer\":\"The syllabus focuses on developing a spreadsheet model to solve a specified problem and producing an audit trail for use by another CAA student.\"},{\"question\":\"How is the Module 5 exam assessed and what is the recommended preparation time?\",\"answer\":\"Module 5 is assessed by a 3-hour online exam with an additional 15 minutes reading time. The guide recommends spending 100 hours studying to prepare.\"}]","CAA Module 5 Resource Guide - Models and Audit Trails | PDF",1790490577,35]