CPA Audit & Insurance : AA

Exam Code: AA

Exam Name: Audit & Insurance

Updated: Oct 15, 2026

Q & A: 80 Questions and Answers

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About CPA Audit & Insurance : AA Exam

What is the duration, language, and format of the Certified Public Accountant (CPA) Exam

  • Language of Exam: English
  • Format: Multiple choice, Task-based, communication tasks
  • Duration of Exam: 16 hours of total
  • Passing score: 75 for each section

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Difficulty in Writing Certified Public Accountant (CPA) Exam

In the accounting industry, any aspiring accountant who wants to sit for the CPA Exam must have significant post-secondary education. For most test managers, a bachelor's degree from an accredited institution used to be enough.

However, today's developments in accounting technology and new compliance laws mean that in addition to 30 hours of graduate education, the AICPA has changed the educational requirement to include 120 semester hours in a bachelor's degree accounting program. In most US nations, these standards are implemented. As a result, a master's degree in the field or a similar industry is required for most aspiring accountants wanting to take this exam.

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CPA AA Exam Syllabus Topics:

SectionObjectives
Topic 1: Professional Ethics and Legal Responsibilities- Auditor independence and professional conduct
- APES 110 Code of Ethics
Topic 2: Audit and Assurance Fundamentals- Types of assurance engagements
- Nature and purpose of audit and assurance
Topic 3: Audit Reporting- Audit opinions and reports
- Modifications to audit opinion
Topic 4: Audit Planning and Risk Assessment- Understanding the entity and its environment
- Materiality and audit strategy
- Risk of material misstatement
Topic 5: Internal Controls- Control testing and evaluation
- Internal control systems and components
Topic 6: Audit Evidence and Procedures- Sampling and substantive testing
- Audit procedures and techniques

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