CPA AA : Audit & Insurance

AA pass collection

Exam Code: AA

Exam Name: Audit & Insurance

Updated: Sep 25, 2026

Q & A: 80 Questions and Answers

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About CPA AA Exam

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The benefit of obtaining the Certified Public Accountant (CPA) Exam Certification

Many accountants joining the profession are curious about the advantages of being a certified public accountant (CPA) so that they can determine if the time and energy to undertake this achievement are worth devoting. The certification process may undoubtedly be rigorous and difficult, but for those employed in industry or finance, success offers some notable advantages. In the US, several states have their board that regulates the certification in their jurisdiction of public accountants.

The qualification process helps both new and seasoned accountants to test their qualifications, develop their abilities, and enhance their understanding of the overall discipline. Via their local state board, prospective applicants can learn more about the licensing process specifics and visit the NASBA website for information about the standardized CPA test. The growing demand for CPAs across the job market is motivated by many factors, so the trend is likely to continue in the near future. Accountants winning their CPA earn 10 percent more on average than non-CPA colleagues and have more chances to grow their careers. In job searching, being a CPA can also be a big boon as it shows professional dedication and makes the candidate stand out from others. Among several other specialist fields, CPA certification demonstrates qualification for auditing, business strategy, bookkeeping, and forensic accounting. Becoming accredited opens the doors to hundreds of various career paths and is essential for foreign positions in particular.

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

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

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CPA AA Exam Syllabus Topics:

SectionObjectives
Internal Control- Internal audit role
- Internal control systems
- Tests of control
- Evaluation of control systems
Planning and Risk Assessment- Obtaining and accepting audit engagements
- Assessing audit risks
- Understanding the entity and its environment
- Audit planning and documentation
Review and Reporting- Audit finalisation and auditor's report
- Going concern evaluation
- Written representations
- Subsequent events
Audit Framework and Regulation- Corporate governance
- Concept of audit and other assurance engagements
- External audit and regulatory environment
- Professional ethics
Audit Evidence- Audit of specific items
- Audit procedures and sampling
- Work of others (experts, internal auditors)
- Financial statement assertions and audit evidence
Employability and Technology Skills- Use of computer technology in the exam and workplace
- Presentation of information and responses

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