What is the CA ANZ Assurance elective?

The Assurance elective (subject code CACC1507) is a CA Program GradDipCA subject from Chartered Accountants Australia and New Zealand. It extends core Audit and Risk knowledge to assurance and related services on non-financial information, including sustainability assurance.

What standards does the CA ANZ Assurance elective cover?

It covers the ASAE 3000 / ISAE 3000 framework for non-financial assurance, ASRS 4400 agreed-upon procedures, ASAE 3402 and ASAE 3150 controls engagements, ASAE 3100 compliance engagements, and sustainability assurance under ASSA 5000 / ISSA 5000 and ASAE 3410 for greenhouse gas statements.

Is there a prerequisite for the Assurance elective?

Yes. CA ANZ requires successful completion of the core Audit and Risk subject before enrolling in the Assurance elective, because Assurance builds on that audit foundation.

How is the CA ANZ Assurance elective assessed?

CA ANZ assesses the subject through case-study-style activities and an assessment that simulates real-world assurance engagements, rather than a published bank of multiple-choice questions. This practice bank provides MCQ knowledge prep over the same standards.

What is the difference between reasonable and limited assurance?

Reasonable assurance is the higher level, reducing engagement risk to an acceptably low level and giving a positive-form conclusion. Limited assurance reduces risk to an acceptable but higher level and gives a negative-form conclusion, such as 'nothing has come to our attention'.

How does the elective treat sustainability assurance in 2026?

It reflects ASSA 5000 (the Australian adoption of ISSA 5000), effective for reporting periods beginning on or after 1 January 2025, AASB S2 climate disclosures, the ASSA 5010 phase-in from limited to reasonable assurance, and ASAE 3410 for greenhouse gas statements.

How long is the Assurance elective and how much study time is needed?

The subject runs as a 7-week online module within the GradDipCA. Candidates typically commit around 10 to 12 hours per week, alongside their mentored professional work, to complete the activities and assessment.

Does CA ANZ publish a pass rate or fee for the Assurance elective?

CA ANZ does not publish a public pass rate for the Assurance elective, and the subject fee is bundled within CA Program enrolment rather than listed as a standalone public price.

All Practice Exams

100+ Free CA ANZ Assurance Practice Questions

CA Program — Elective: Assurance (CA ANZ) practice questions are available now; exam metadata is being verified.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

Not published Pass Rate

100+ Questions

100% Free

1 / 100

Question 1

Score: 0/0

An emissions factor used to convert litres of diesel into tonnes of CO2-equivalent is best described in assurance terms as:

An intended user

A form of management representation

A suitable criterion only

A significant assumption/input the practitioner should evaluate for appropriateness and source

to track

Same family resources

Explore More Chartered Accountants ANZ (CA ANZ)

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

2026 Statistics

Key Facts: CA ANZ Assurance Exam

CACC1507

Subject Code

CA ANZ CA Program

7 weeks

Online Subject Length

CA ANZ CA Program

ASAE 3000

Overarching Standard

AUASB

ASSA 5000

Sustainability Assurance

AUASB

1 Jan 2025

ASSA 5000 Effective Date

AUASB

100

Practice Questions

OpenExamPrep

The CA ANZ Assurance elective (CACC1507) is a 7-week online GradDipCA subject with core Audit and Risk as a prerequisite. It teaches assurance and related services on non-financial information: the ASAE 3000 / ISAE 3000 framework, reasonable vs limited assurance, ASRS 4400 agreed-upon procedures, ASAE 3402/3150 controls, ASAE 3100 compliance, and sustainability assurance under ASSA 5000 / ISSA 5000 and ASAE 3410 (GHG). CA ANZ assesses it via scenario activities and a simulated engagement, not a published MCQ count; this free bank provides 100 MCQs as knowledge prep across the assurance-standards body.

Sample CA ANZ Assurance Practice Questions

Try these sample questions to test your CA ANZ Assurance exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the AUASB framework, which standard is the overarching standard for assurance engagements over information other than audits or reviews of historical financial information?

A.ASAE 3000

B.ASRS 4400

C.ASRE 2400

D.ASA 700

Explanation: ASAE 3000 (Assurance Engagements Other than Audits or Reviews of Historical Financial Information) is the overarching standard for this class of engagement, and its international equivalent is ISAE 3000 (Revised). Subject-specific standards such as ASAE 3402, 3410 and 3150 build on it.

2An assurance practitioner is asked to express a conclusion designed to enhance the confidence of intended users about a subject matter. Which three parties must always be present for the engagement to be an assurance engagement under ASAE 3000?

A.Practitioner, regulator and the public

B.Practitioner, responsible party and intended users

C.Auditor, audit committee and shareholders

D.Practitioner, engaging party and ASIC

Explanation: ASAE 3000 requires a three-party relationship: the assurance practitioner, the responsible party (who is responsible for the underlying subject matter or subject matter information), and the intended users to whom the practitioner reports. These are part of the five elements of an assurance engagement.

3Which of the following is NOT one of the five elements of an assurance engagement under the assurance framework?

A.A three-party relationship

B.Appropriate subject matter

C.A fixed fee arrangement

D.Suitable criteria

Explanation: The five elements are: a three-party relationship, an appropriate underlying subject matter, suitable criteria, sufficient appropriate evidence, and a written assurance report. The fee arrangement is a commercial matter and is not one of the five elements.

4A client asks a CA to perform specific procedures on a schedule of supplier payments and report only the factual findings, with no conclusion or opinion provided. Which engagement type is most appropriate?

A.A limited assurance engagement under ASAE 3000

B.A compilation engagement under APES 315

C.A reasonable assurance engagement under ASAE 3000

D.An agreed-upon procedures engagement under ASRS 4400

Explanation: When the practitioner performs procedures agreed with the engaging party and reports only factual findings without a conclusion, ASRS 4400 (Agreed-Upon Procedures Engagements) applies. No assurance is expressed and users draw their own conclusions.

5In a reasonable assurance engagement, the practitioner's conclusion is expressed in which form?

A.Positive form, e.g. 'in our opinion the subject matter is presented fairly'

B.A statement of factual findings only

C.A disclaimer of conclusion

D.Negative (limited) form, e.g. 'nothing has come to our attention'

Explanation: Reasonable assurance is the higher of the two assurance levels. The practitioner reduces engagement risk to an acceptably low level and expresses the conclusion in a positive (direct) form. Limited assurance, by contrast, uses a negative-form conclusion.

6ASAE 3000 distinguishes attestation engagements from direct engagements. In a direct engagement, who measures or evaluates the underlying subject matter against the criteria?

A.The intended users

B.The assurance practitioner

C.An independent expert engaged by the client

D.The responsible party

Explanation: In a direct engagement the assurance practitioner measures or evaluates the underlying subject matter against the criteria and presents the resulting subject matter information in, or accompanying, the assurance report. In an attestation engagement a party other than the practitioner does that measurement.

7Which characteristic must criteria possess to be considered 'suitable criteria' under ASAE 3000?

A.They must guarantee a clean conclusion

B.They must be set only by a government regulator

C.They must exhibit relevance, completeness, reliability, neutrality and understandability

D.They must be confidential to the engaging party

Explanation: ASAE 3000 states suitable criteria exhibit relevance, completeness, reliability, neutrality and understandability. Suitable criteria are required for reasonably consistent evaluation of the subject matter within the context of professional judgement.

8A practitioner is engaged to report on a forecast of cash flows for the next financial year. Which AUASB standard most directly governs assurance on prospective financial information?

A.ASA 540

B.ASRE 2410

C.ASRS 4450

D.ASAE 3450

Explanation: ASAE 3450 (Assurance Engagements involving Corporate Fundraisings and/or Prospective Financial Information) addresses assurance reports on prospective financial information such as forecasts and projections, applying ASAE 3000 principles to that subject matter.

9Why is the level of assurance in a limited assurance engagement described as 'meaningful' rather than 'absolute'?

A.Because engagement risk is reduced to a level acceptable in the circumstances but greater than for reasonable assurance

B.Because limited assurance always yields a qualified conclusion

C.Because limited assurance is only available for financial statement audits

D.Because the practitioner performs no procedures at all

Explanation: In limited assurance the nature, timing and extent of procedures are limited compared with reasonable assurance, so engagement risk is reduced to a level acceptable in the circumstances but higher than for reasonable assurance. The resulting level of assurance is meaningful to users but lower than reasonable assurance.

10Before accepting an ASAE 3000 assurance engagement, the practitioner should determine that which condition regarding the subject matter and criteria is met?

A.The subject matter is financial in nature

B.The subject matter is appropriate and the criteria are suitable and available to intended users

C.The client has agreed to a positive conclusion

D.The fee exceeds the cost of the work

Explanation: ASAE 3000 preconditions include that the underlying subject matter is appropriate and the criteria the practitioner expects to apply are suitable and will be available to the intended users. Without these preconditions a meaningful assurance conclusion cannot be reached.

About the CA ANZ Assurance Practice Questions

Verified exam format metadata for CA Program — Elective: Assurance (CA ANZ) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.

100+ Free CA ANZ Assurance Practice Questions

Explore More Chartered Accountants ANZ (CA ANZ)

CA Program — Core 1: Ethics and Sustainability (CA ANZ)

CA Program — Core 2: Risk, Technology and Artificial Intelligence (CA ANZ)

CA Program — Core 3: Financial Accounting and Reporting (FAR) (CA ANZ)

CA Program — Core 4: Tax (Australia) (CA ANZ)

CA Program — Core 4: Tax (New Zealand) (CA ANZ)

CA Program — Core 5: Strategy and Business Performance (CA ANZ)

Key Facts: CA ANZ Assurance Exam

Sample CA ANZ Assurance Practice Questions

About the CA ANZ Assurance Practice Questions