The AA exam has a reputation for tricky wording and scenario-based questions that punish surface-level study. DumpsActual built its CPA Audit & Insurance practice questions to mirror that style, so nothing on test day feels unfamiliar. Updated for 2026, the material follows the current exam blueprint.
| Section | Objectives |
|---|---|
| Topic 1: Audit Evidence | - Audit of specific items - Work of others (experts, internal auditors) - Audit procedures and sampling - Financial statement assertions and audit evidence |
| Topic 2: Audit Framework and Regulation | - Concept of audit and other assurance engagements - Professional ethics - External audit and regulatory environment - Corporate governance |
| Topic 3: Employability and Technology Skills | - Presentation of information and responses - Use of computer technology in the exam and workplace |
| Topic 4: Planning and Risk Assessment | - Understanding the entity and its environment - Obtaining and accepting audit engagements - Assessing audit risks - Audit planning and documentation |
| Topic 5: Internal Control | - Internal audit role - Internal control systems - Evaluation of control systems - Tests of control |
| Topic 6: Review and Reporting | - Going concern evaluation - Subsequent events - Audit finalisation and auditor's report - Written representations |
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The AA exam includes 100 (approximate based on mark distribution) questions, and you have 180 minutes to complete them. That makes pacing a real part of the challenge. Before test day, work out roughly how much time you can afford per question, get used to flagging a hard item and coming back to it instead of burning five minutes on one answer, and run at least a couple of full timed sessions in the DumpsActual test engine so the clock feels familiar when it counts.
The official blueprint divides the CPA Audit & Insurance into 6 domains. The main areas include Audit Evidence, Internal Control, Planning and Risk Assessment. Each domain breaks down into its own subtopics, so scroll up to the complete exam outline above before you plan your study schedule.
Completion of Applied Knowledge exams (e.g., FA – Financial Accounting) is recommended; must be registered as an ACCA student and entered for the AA exam session. Certification vendors do adjust these requirements from time to time, so we recommend confirming the current criteria on the official exam page — official AA exam information before you register.
The AA exam is the official test you need to pass to earn the Certified Public Accountant certification at the Applied Skills level. Passing it validates your skills to employers, and for many IT professionals it is a direct step toward better roles and better pay. It also connects to related credentials such as ACCA Qualification, Advanced Audit and Assurance (AAA), so it is worth understanding where this exam sits on your certification path.
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The management of Tory Bank Ltd suspects that a bank loan officer frequently made loans to fictitious companies, disbursed loan proceed to his wife's accounts, and then the loan has been written-off as irrecoverable. Some significant facts about the loan officer include
A high standard of living, explained as the result of sound investments and not taking vacations
An expensive personal car obtained through business contacts
Gasoline and repair bills submitted for an assigned company car that is higher than company average (mileage logs were submitted on a quarterly basis)
Marked annoyance with questions from auditors
The above fraud would least likely be discovered by
Correct Answer: D 🗳️
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?
Correct Answer: C 🗳️
When questions arise on the appropriateness of the going concern assumption made by management and the existence of material misstatements which was not adequately disclosed in the financial statements would lead to auditor's-
Correct Answer: C 🗳️
During the audit planning for your client Shang Ltd for the year ending 30 April 2013, you read the following comment on the 'points forward for next year' schedule included in last year's audit working papers file:
'During the course of our audit we discovered that the company had incorrectly reclaimed input value added tax totalling $42,000. We have notified the client in writing of the need to repay this amount to tax authority as soon as possible. The financial statements have been adjusted to include this sum within current liabilities as 'amounts payable to Tax Authority'.
Included within income in the company's management accounts for the ten months ended 28 February 2013 is a credit entry for $42,000 described as 'VAT difference written off'.
Which one of the following actions is LEAST likely to be taken in respect of this matter?
Correct Answer: A 🗳️
ISA 315 Identifying and Assessing the Risks of Material Misstatement requires an understanding of the legal and regulatory framework applicable to the client and the industry sector in which it operates.
With respect to ISA 315, which one of the following procedures would not be used in understanding the entity and its environment?
Correct Answer: C 🗳️
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