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Last Updated: Jul 19, 2026
No. of Questions: 80 Questions & Answers with Testing Engine
Download Limit: Unlimited
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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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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Assurance and Related Services | 5% | - Other assurance engagements and non-audit services |
| Topic 2: Review, Completion and Reporting | 20% | - Evaluation of misstatements and review of work - Going concern, subsequent events and written representations - Audit reports, modifications and other communications |
| Topic 3: Legal, Ethical and Regulatory Environment | 20% | - Anti-money laundering, fraud and corporate governance - Regulatory framework including Companies Act 2014 - Ethics, independence, professional skepticism and quality control |
| Topic 4: Accepting and Planning Audit Engagements | 25% | - Risk assessment, materiality and audit strategy - Understanding entity and internal control systems - Pre-conditions, client acceptance and engagement terms |
| Topic 5: Performing Audit Procedures and Gathering Evidence | 30% | - CIS auditing and computer-assisted audit techniques - Tests of controls and substantive procedures - Audit evidence, sampling and documentation |
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