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CPA Program: Ethics and Governance Practice Test

39 questions available

The CPA Program: Ethics and Governance Practice Test is a comprehensive assessment designed to evaluate a candidate's understanding of the core principles that underpin professional conduct and organizational oversight in the accounting and finance profession. This exam covers five critical domains: Corporate Governance, Professional and Ethical Responsibilities, Regulatory Environment, Social Responsibility and Sustainability, and The Ethical Framework. It is intended for CPA candidates, accounting professionals, and business leaders who seek to demonstrate their competence in navigating complex ethical dilemmas, understanding governance structures, and applying regulatory standards in real-world scenarios. By taking this practice test, users will gain a clear benchmark of their knowledge, identify areas requiring further study, and build confidence in their ability to uphold the integrity expected of a CPA. The content is aligned with the official CPA syllabus and emphasizes practical application, ensuring that test-takers are not only prepared for the exam but also equipped to make sound decisions in their professional roles.

Certification exam
3 hours Time Limit
Practice bank
39 Practice Questions
39 minutes Practice Time
Start Practice
The bar to clear 60 Official passing score. Aim higher in practice before you book.
Official objectives from CPA Australia
CPA Australia39 practice questionsBlueprint 1.0Bank updated 2026-07-22

Sample Questions

Try a few questions to see what the full exam is like.

Regulatory Environment

A CPA is dealing with a larger structure is evaluated under the Code's network definition. Which response is most consistent with APES 110?

Corporate Governance

A CPA is dealing with a public practice member must communicate a Code matter within a client governance structure. Which response is most consistent with APES 110?

The Ethical Framework

A CPA is dealing with a possible conflict with the fundamental principles. Which response is most consistent with APES 110?

Professional and Ethical Responsibilities

A CPA is dealing with a member obtains sensitive information through a business relationship. Which response is most consistent with APES 110?

Professional and Ethical Responsibilities

A CPA is dealing with a firm is asked to decide which recommendations management will implement. Which response is most consistent with APES 110?

Why This Certification Opens Doors

This practice test matters because ethics and governance are the foundation of public trust in the accounting profession. In a landscape marked by corporate scandals, evolving regulations, and increasing stakeholder scrutiny, CPAs must be able to identify ethical risks, advise on governance best practices, and ensure compliance with legal and professional standards. The knowledge tested here directly impacts your ability to protect your organization's reputation, avoid legal liabilities, and contribute to sustainable business practices. Mastering these topics is not just about passing an exam; it is about developing the judgment and integrity that define a trusted advisor.

These are the backgrounds the certifying body suggests. Check the vendor's own page for anything it formally requires.

Exam Blueprint

Each domain is weighted to match the real certification exam, so a full practice simulation predicts your result.

01Corporate Governance
25%
02Professional and Ethical Responsibilities
25%
03The Ethical Framework
20%
04Regulatory Environment
15%
05Social Responsibility and Sustainability
15%

Exam Details EG | $650 USD | 3 hours

Exam Code EG
Vendor CPA Australia
Exam Cost $650 USD
Passing Score 60
Time Limit 3 hours
Question TypesMultiple Choice, Extended Response, Case Study Scenarios
Retake Policy Candidates who fail may re-enrol in the segment and resit. Full segment fee applies for re-enrolment. No limit on the number of attempts per segment.
Exam Format Online, open book, 3-hour computer-based exam with scenario-based questions
Online Proctoring Available
Available In
English

Study Resources

CPA Program Learning Materials (online)
CPA AustraliaFree
Official CPA Program study materials, practice exams, and question banks accessible through the CPA Australia online learning portal.
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Frequently Asked Questions

How many questions are on the actual CPA Ethics and Governance exam, and how does this practice test compare?

The actual CPA Ethics and Governance exam typically contains around 100 multiple-choice questions and is 3 hours long. This practice test has 39 questions, designed to provide a focused sample across all key topics. It is not a full-length simulation but a targeted tool to assess your grasp of core concepts and identify weak areas.

Are the questions on this practice test based on the current CPA syllabus?

Yes, the questions are aligned with the most recent CPA Program syllabus for Ethics and Governance. They cover the same five core areas: Corporate Governance, Professional and Ethical Responsibilities, Regulatory Environment, Social Responsibility and Sustainability, and The Ethical Framework. However, always verify with the official CPA Australia materials for any recent updates.

What is the best way to use this practice test for studying?

Take the test under timed conditions to simulate exam pressure. After completing it, review each question carefully, especially those you got wrong. Read the explanations and cross-reference with your study notes. Use the results to prioritize topics where you scored lowest, and revisit those sections in your textbook or online modules.

Do I need to memorize specific legislation or codes for this exam?

Yes, you should be familiar with key documents such as the APES 110 Code of Ethics for Professional Accountants, the Corporations Act 2001 (Australia), and the ASX Corporate Governance Council Principles and Recommendations. While you do not need to memorize every clause, you must understand their application to common ethical and governance scenarios.

How is the Regulatory Environment topic different from Professional and Ethical Responsibilities?

The Regulatory Environment focuses on external laws and regulations that govern business conduct, such as securities law, anti-corruption legislation, and whistleblower protections. Professional and Ethical Responsibilities, on the other hand, centers on the CPA's personal conduct, including independence, objectivity, confidentiality, and conflict of interest management. Both are interconnected but tested separately.