The recent announcement that SASB and IIRC intend to merge in summer 2021 will not impact your FSA Credential registration. The merger is acknowledged in the Level I curriculum and the concepts in the FSA Credential have been written to reflect concepts that both IIRC and SASB have agreed to in the joint Statement of Intent to Work Together Towards Comprehensive Corporate Reporting.
The FSA Credential is offered during three testing blocks throughout the year. On any day of the year, you may register and choose an exam date in one of three exam periods: January-February, May-June, and September-October. There are multiple test times on whatever exam day you choose.
To accommodate recent updates made to the FSA Level I exam, the available Level I test dates in May – June 2021 will be May 17 – June 30.
The testing schedule for the FSA Level II will remain unchanged and exams will be offered May 1 – June 30.
For example, if on March 30th you’d like to register for an exam you can choose to take it on any available day in May or June. If it’s May 15th and you want to register for an exam, you can take the exam on any available day in the rest of May or in June. If you’re registering on June 1, you can choose from test days in June or choose to take the test on any available day in September or October.
If you registered for the pilot exam and do not complete the exam before April 9, the discount will no longer apply and you will need to pay the $150 USD difference to complete the exam at a later date. If you are scheduled for a pilot exam and need to change your registration, e-mail [email protected].
SASB will begin updating the Level II exam later in 2021.
While it varies for each candidate, SASB recommends 30 hours of preparation for each of the FSA Credential exams. The Level I exam covers essential concepts and emerging practices and some of the content may be familiar to certain individuals, reducing their study time. SASB recommends that every candidate at least review every section of the study guide. The Level II exam is closely tied to the study guide but does not require experience with a particular industry or industries.
The Kryterion Testing Network utilizes more than 1,000 testing centers in 120 countries to securely proctor exams worldwide. Candidates may also take the exam at an online proctored location. For more details, please see the Candidate Handbook.
Yes, this involves canceling your current proctor format and scheduling a new exam with the new proctor format. You must contact SASB to help you with this. Email [email protected] or call 424-261-9930.
To reschedule your exam within a testing block, you must select a new date and time before the rescheduling deadline. If you registered for an on-site proctored exam, the deadline is 72 hours prior to the scheduled exam date and time. If you registered for a online proctored exam, the deadline is 24 hours prior to the scheduled exam date and time. If you cannot meet these deadlines the testing company will require a rescheduling fee.
To reschedule to a different testing block, you should log in to Webassessor and cancel your exam with more than 72 hours advanced notice and then email [email protected] to request a voucher to reschedule for the next testing block.
The FSA Credential exams are offered during three testing blocks throughout the year. On any day of the year, you may register and choose an exam date in one of three exam periods: January-February, May-June, and September-October. There are multiple test times on whatever exam day you choose.
The study guide, exam questions, and all other materials are only offered in English.
CFA members that complete the FSA Credential are eligible for up to 20CE credits for each of the two FSA exam levels obtained.
The FSA Credential helps you identify, quantify, communicate, and analyze the sustainability factors that impact a company’s value. These skills are valuable for professionals at a wide range of organizations.
Yes, at least if you are interested in understanding:
- how material sustainability information can provide insights into a company’s opportunities and risks, and/or
- the impact of sustainability on a company’s operating performance or financial value.
The Fundamentals of Sustainability Accounting (FSA) Credential exams are assessment-based certificate exams. The Institute for Credentialing Excellence describes the difference between an assessment-based certificate program and a certification on its website. The FSA Level I exam is highly rigorous – developed by a wide range of subject matter experts, overseen by experts in exam development, with a proctored, secure testing environment. When candidates complete a certificate program, they do not receive letters after their name. FSA candidates can identify themselves as FSA Credential holder after they pass both the Level I and Level II exams, as described in the Candidate Handbook and on the FSA website.
The basic principles of sustainability accounting are unlikely to change over time, but there may be new laws and developments. At this time, you do not have to take another exam. However, in the future continuing education may be necessary for FSA credential holders. Any changes will be announced with significant advanced notice to those who have maintained their FSA credential.
There are three key differences:
- The study guide teaches a methodology for analysis instead of context, facts and figures, and principles
- The exam tests application and analysis skills relevant to understanding a company’s performance
- The exam features a series of case studies, with a set of questions analyzing each case study
Note that the Level II exam provides a methodology for analyzing sustainability information, rather than dictating that a specific investment decision or corporate strategy is correct.