The CPA Audit & Insurance certification has a strong reputation for a reason — the AA exam tests applied skills, not memorized definitions. Candidates around the world use Actual4Exams practice questions to close knowledge gaps before test day.
CPA AA Exam Overview:
| Certification Vendor: | CPA Ireland |
|---|---|
| Exam Name: | Audit & Insurance (Audit & Assurance) |
| Exam Number: | AA |
| Passing Score: | 50% |
| Exam Duration: | 180 (+20 minutes reading time) |
| Real Exam Qty: | Variable (case study + constructed response) |
| Related Certifications: | CPA Strategic Level Advanced Audit & Assurance |
| Exam Format: | Constructed response questions, Computer-based, Case studies, Remote invigilated |
| Certificate Validity Period: | 7 years from first registration at Professional Level |
| Exam Price: | €150 EUR per sitting |
| Available Languages: | English |
| Recommended Training: | CPA Ireland Official Study Resources |
| Exam Registration: | CPA Ireland Student Portal |
| Sample Questions: |  |
| Exam Way: | Online remote invigilation via TestReach platform |
| Pre Condition: | Completion of CPA Foundation Level or approved exemptions |
| Official Syllabus URL: | https://cpaireland.ie/CPAIreland/media/Education-Training/Syllabus%202020/Professional-Level-Audit-Assurance.pdf |
CPA AA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Performing Audit Procedures and Gathering Evidence | 30% | - CIS auditing and computer-assisted audit techniques - Audit evidence, sampling and documentation - Tests of controls and substantive procedures |
| Assurance and Related Services | 5% | - Other assurance engagements and non-audit services |
| 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 |
| Accepting and Planning Audit Engagements | 25% | - Understanding entity and internal control systems - Pre-conditions, client acceptance and engagement terms - Risk assessment, materiality and audit strategy |
| Review, Completion and Reporting | 20% | - Audit reports, modifications and other communications - Evaluation of misstatements and review of work - Going concern, subsequent events and written representations |
Common Questions About the CPA AA Exam
The AA exam, officially known as CPA Audit & Insurance, is the CPA test that leads to the CPA Professional Level certification at the Professional level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as CPA Strategic Level, Advanced Audit & Assurance.
The AA exam contains Variable (case study + constructed response) questions, and you have 180 (+20 minutes reading time) to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the AA exam is 50%, and the official registration fee is €150 EUR per sitting. If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
Completion of CPA Foundation Level or approved exemptions
Entry requirements can change, so confirm the latest conditions on the official exam page: https://cpaireland.ie/CPAIreland/media/Education-Training/Syllabus%202020/Professional-Level-Audit-Assurance.pdf.
You can book the AA exam through the official registration channels below:
Exam delivery: Online remote invigilation via TestReach platform. Seats at popular test centers fill quickly, so schedule early once your preparation is on track.
CPA recommends the following training options for CPA Audit & Insurance candidates:
Pair any course with the 80 practice questions from Actual4Exams to measure how ready you really are before paying the exam fee.
Yes. A free PDF demo of the CPA Audit & Insurance questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding AA exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official CPA Audit & Insurance outline is organized into 5 domains. The first three are:
- Assurance and Related Services — 5% of the exam
- Accepting and Planning Audit Engagements — 25% of the exam
- Performing Audit Procedures and Gathering Evidence — 30% of the exam
See the complete exam topics section above for the full outline and the weighting of every domain.
CPA Audit & Insurance Sample Questions:
Question 1
Management is legally required to prepare a shipping document for all movement of hazardous materials. The document must be filed with bills of lading. Management expects 100% compliance with the procedure.
Which of the following sampling approaches would be most appropriate?
A. Judgment sampling
B. Attributes sampling
C. Discovery sampling
D. Targeted sampling
Question 2
Internal auditors and management have become increasingly concerned about computer fraud. Which of the following control procedures would be least important in preventing computer fraud?
A. Segregation of duties between the applications programmer and the programme librarian function.
B. Segregation of duties between the programmer and systems analyst.
C. Testing of new applications by users during the systems development process.
D. Programme change control that requires a distinction between production programmes and test programmes.
Question 3
An employee of an insurance company processed a fraudulent policy loan application for an amount less than the established level requiring supervisory review. The employee then obtained the cheque and cashed it by forging the endorsement. To prevent the loan's appearance on a subsequent policyholder statement, the loan amount was transferred to a "suspense" account. Which of the following should expose this situation at the earliest date?
A. A computer report identifying unusual entries to the suspense account.
B. Regular reconciliation of the "suspense" account performed by an independent employee.
C. The use of pre-numbered checks which are periodically accounted for.
D. An annual internal audit.
Question 4
The auditor of Net plc carried out an external confirmation of receivables at the year end to confirm the accuracy of total trade receivables in the balance sheet at that date. Two of the replies to the confirmations disagreed the balance.
For each of these two disagreements, select whether the disagreement would be considered as a misstatement or would not be considered as a misstatement for the purposes of evaluating the accuracy of total trade receivables in the balance sheet at the year end.
(i)Word Ltd disagreed the balance because they had made a payment two days before the year end. The auditor has confirmed that the cheque cleared the bank two days after the year end.
(ii)Red Ltd disagreed the balance because their records did not contain invoice number SI 00942. This invoice and associated goods were despatched by Net plc on the last day of the year. The auditor has verified that the despatch note and cut-off with inventory are correct.
A. (i) would not be considered as misstatement and (ii) would be considered as misstatement
B. Both (i) and (ii) would be considered as misstatement
C. (i) would be considered as misstatement and (ii) would not be considered as misstatement
D. Both (i) and (ii) would not be considered as misstatement
Question 5
The following describes the processes which make up the sales system in operation at Shevhrol and Co.
Which of the following processes represents strength or weakness in the system?
(i)Orders are placed by telephone. When a call is received, the person receiving the order checks that the customer's credit status supports the order and that the customer's current balance is below the maximum level and then immediately inputs the order into the system.
(ii)The order automatically generates a message to the distribution centre which despatches the goods and to the accounts department, which immediately raises an invoice and sends it to the customer.
(iii)
Customer queries are dealt with by reception staff.
A. All processes represent strengths
B. (i) and (ii) represent strengths and (iii) represents weakness
C. (i) represents strength and (ii) and (iii) represent weaknesses
D. (ii) represents strength and (i) and (iii) represent weaknesses
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: A | Question 4 Answer: D | Question 5 Answer: C |
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