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Key Facts: CICPA Audit (注册会计师 审计) Exam
150 Minutes
Exam Duration
CICPA Examination Guidelines
60 / 100 (60%)
Passing Standard
Ministry of Finance CPA Exam Regulations
5 Years
Professional Stage Rolling Validity
CICPA Professional Stage Rules
¥60–¥90 RMB
Subject Registration Fee
Provincial CPA Institutes
CSAs (Chinese Auditing Standards)
Governing Standards Framework
Ministry of Finance PRC / CICPA
August Annually
National Exam Schedule
CICPA Annual Examination Notice
100 MCQs
Practice Bank Size
OpenExamPrep Study Bank
The China CICPA Audit examination is a rigorous 150-minute computer-based professional licensing exam requiring a passing score of 60/100 points. The syllabus spans Professional Ethics & Independence (10%), Audit Planning & Materiality (8%), Evidence & Sampling (10%), Working Papers & Quality Management (8%), Risk Assessment & Internal Control (10%), Risk Response (8%), Four Core Business Cycles (30%), Special Considerations (8%), Group Audits (5%), and Audit Reports/KAM/ICFR (3%). This bank provides 100 English-language practice MCQs reflecting authentic CSA auditing standards and CICPA exam scenarios.
Sample CICPA Audit (注册会计师 审计) Practice Questions
Try these sample questions to review concepts for the CICPA Audit (注册会计师 审计) exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under Chinese Auditing Standard (CSA) 1101, which of the following statements BEST describes the core requirement of 'professional skepticism' (职业怀疑) throughout an audit engagement?
A.The auditor must presume that management is inherently dishonest and that all accounting documentation is forged until verified by external third parties.
B.The auditor maintains a questioning mind, remains alert to conditions indicating possible misstatement due to error or fraud, and critically assesses audit evidence without assuming management is either dishonest or of unquestioned honesty.
C.The auditor accepts management representations as fully sufficient evidence unless contradictory evidence is discovered during routine substantive testing.
D.The auditor performs extensive forensic procedures on every transaction regardless of the assessed risk of material misstatement or materiality thresholds.
Explanation: Under CSA 1101 (Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Chinese Auditing Standards), professional skepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence. The auditor does not assume that management is dishonest, nor does the auditor assume unquestioned honesty.
2Under the CICPA Code of Professional Ethics for Certified Public Accountants, in which of the following situations is a CPA PERMITTED to disclose confidential client information to third parties without the client's explicit authorization?
A.When a competing commercial enterprise requests industry benchmarking data and offers financial compensation to the CPA firm.
B.When the CPA is responding to a formal inquiry, subpoena, or statutory investigation conducted by a competent regulatory authority or judicial body in accordance with the law.
C.When an audit team member seeks to demonstrate their professional competence in an academic lecture by revealing non-public client financial ratios.
D.When a prospective acquiring company requests pre-acquisition financial working papers directly from the target company's current auditor without management approval.
Explanation: Under the CICPA Code of Professional Ethics, the duty of confidentiality requires CPAs to refrain from disclosing confidential information acquired as a result of professional relationships. However, disclosure without client authorization is permitted (and legally mandatory) when required by statutory law, court subpoenas, or when responding to official investigations conducted by competent government or regulatory authorities (e.g., MOF, CSRC, or CICPA disciplinary reviews).
3During the audit of a listed company, the engagement team learns that a senior audit team member has been offered the position of Chief Financial Officer (CFO) by the audit client, and active employment negotiations are underway. What primary threat to independence does this scenario create, and what is the required safeguard?
A.Self-review threat; the CPA firm must issue an immediate adverse audit opinion on the client's financial statements.
B.Advocacy threat; the team member may remain on the team provided that their audit working papers are reviewed by a peer senior accountant.
C.Self-interest and familiarity threats; the CPA firm must immediately remove the individual from the audit engagement team and have an independent partner review the work performed by that individual.
D.Intimidation threat; the engagement partner must resign from the CPA firm to preserve firm-wide independence.
Explanation: Under the CICPA Code of Professional Ethics, when an audit team member participates in an engagement while knowing that they will or may join the client, significant self-interest and familiarity threats to independence arise. The mandatory safeguard is to immediately remove that individual from the engagement team, reassign their responsibilities, and require an independent qualified professional (e.g., another partner or senior reviewer) to review all significant judgments and work performed by that individual.
4Under the CICPA Code of Professional Ethics, which of the following non-assurance services is STRICTLY PROHIBITED for an accounting firm to provide to an audit client that is a Public Interest Entity (PIE / 公众利益实体)?
A.Providing routine tax return preparation services based on historical financial data approved by client management.
B.Designing and implementing internal control over financial reporting IT systems that generate data forming a significant part of the client's accounting records.
C.Assisting the client in understanding new accounting standards published by the Ministry of Finance.
D.Providing training courses to the client's general accounting staff on basic financial reporting concepts.
Explanation: Under the CICPA Code of Professional Ethics (specifically regarding Public Interest Entities / PIEs such as listed companies), an accounting firm shall not provide IT systems services that involve designing or implementing IT system networks that generate information that is significant to the client's accounting records or financial statements. This creates an unacceptably high self-review threat and assumes management responsibility, for which no safeguards can reduce the threat to an acceptable level.
5Regarding the mandatory rotation of key audit partners for Public Interest Entities (PIEs / 公众利益实体) under the CICPA Code of Professional Ethics, which of the following statements is ACCURATE?
A.The lead engagement partner may serve continuously for up to 10 consecutive years before taking a 1-year cooling-off period.
B.The key audit partner (including lead engagement partner and engagement quality reviewer) can serve for a maximum of 5 consecutive years, followed by a mandatory cooling-off period during which they cannot participate in the client's audit.
C.Partner rotation rules apply only to non-listed private commercial entities and do not apply to listed companies.
D.If a partner rotates off the audit team after 5 years, they may immediately act as the engagement quality reviewer (EQR) for that client in the 6th year.
Explanation: Under the CICPA Code of Professional Ethics and Chinese regulatory rules for PIEs (listed companies, financial institutions), a key audit partner (including the lead engagement partner and engagement quality reviewer) shall not serve the entity for more than 5 consecutive years. After completing the 5-year maximum term, the partner must observe a mandatory cooling-off period (typically 5 years for lead partners of PIEs under the converged ethics framework) during which they cannot serve on the audit team, conduct EQR, or influence the engagement.
6Firm ABC audits Company XYZ, a listed Public Interest Entity (PIE). For two consecutive years, the total annual audit and non-audit fees received from XYZ represent more than 15% of the total annual gross revenue of Firm ABC. Under the CICPA Code of Professional Ethics, what action MUST Firm ABC take?
A.Firm ABC must immediately resign from the audit engagement without completing the second year's audit.
B.Firm ABC must disclose this fact to Those Charged With Governance (TCWG) and arrange for a pre-issuance quality review by an independent external CPA or a post-issuance quality review before/after issuing the second year's audit report.
C.Firm ABC is exempt from any safeguards provided that the engagement partner is rotated every 3 years.
D.Firm ABC must refund the fee portion that exceeds 10% of total firm revenue back to Company XYZ.
Explanation: Under the CICPA Code of Professional Ethics, when total fees from a PIE audit client exceed 15% of the firm's total revenue for two consecutive years, significant self-interest and intimidation threats arise. The firm must disclose this fee concentration to TCWG and apply one of two safeguards: (1) an Engagement Quality Review by a professional who is not a member of the firm prior to issuing the audit opinion (pre-issuance review), or (2) an equivalent post-issuance review conducted by an external CPA or professional body.
7Which of the following fee arrangements between a CPA firm and an audit client is STRICTLY PROHIBITED under Chinese Auditing Standards and the CICPA Code of Professional Ethics?
A.A fee calculated based on fixed hourly rates multiplied by the actual hours worked by staff of differing seniority.
B.A fixed, predetermined audit fee negotiated prior to engagement commencement based on estimated audit scope and complexity.
C.A contingent fee arrangement where the final audit fee is determined as a percentage of the net profit reported in the audited financial statements or contingent upon loan approval.
D.A fee agreed upon with Those Charged With Governance that provides for upward adjustment if unexpected major acquisitions expand the audit scope.
Explanation: Under the CICPA Code of Professional Ethics, charging contingent fees (或有收费) for audit or assurance engagements creates an insurmountable self-interest threat. Charging a fee contingent on the outcome of the audit (such as net profit level, the issuance of an unmodified opinion, or successful bank loan approval) is strictly prohibited, and no safeguards can reduce the threat to an acceptable level.
8A CPA firm is auditing Commercial Bank H. The lead audit partner holds a personal residential mortgage loan from Commercial Bank H. Under what conditions does this loan NOT impair the partner's independence under the CICPA Code of Professional Ethics?
A.Only if the partner repays the full mortgage balance prior to commencing interim audit fieldwork.
B.If the loan was granted under normal commercial lending procedures, terms, and market interest rates, and the loan amount is not material to either the bank or the partner.
C.Only if the loan is fully guaranteed by the CPA firm's managing partner.
D.Residential mortgages from a banking client always impair independence regardless of commercial terms.
Explanation: Under the CICPA Code of Professional Ethics, a loan or guarantee from an audit client that is a licensed bank or financial institution does not create an unacceptable threat to independence provided that the loan is obtained under normal commercial lending procedures, standard market terms, and prevailing interest rates, and is not material to the financial institution or the individual.
9Audit Partner Wang is assigned as the lead engagement partner for the annual audit of Client M. Wang's spouse serves as the Chief Financial Officer (CFO) of Client M. According to the CICPA Code of Professional Ethics, what is the REQUIRED action for the CPA firm?
A.Partner Wang may remain as lead partner provided that an independent senior partner reviews all journal entries approved by the spouse.
B.Partner Wang's spouse must immediately resign from Client M before the audit report is signed.
C.No safeguard can reduce the familiarity and self-interest threats to an acceptable level; Partner Wang must be removed from the audit engagement team.
D.The CPA firm must issue a qualified audit opinion due to scope limitation caused by the relationship.
Explanation: Under the CICPA Code of Professional Ethics, if an immediate family member (such as a spouse or dependent child) of an audit team member is a director, officer, or employee in a position to exert significant influence over the financial statements (such as CFO), the self-interest, familiarity, and intimidation threats created are so significant that no safeguards can reduce them to an acceptable level. The only acceptable measure is to remove Partner Wang from the engagement team.
10Audit Client K threatens to file a formal civil lawsuit against Firm ABC alleging professional negligence in the prior year's audit unless Firm ABC reduces the current year's audit fee by 40% and issues an unmodified opinion. Which category of independence threats is MOST directly triggered, and how should Firm ABC respond?
A.Self-review threat; Firm ABC should accept the fee reduction to avoid litigation costs.
B.Intimidation threat and self-interest threat; Firm ABC must evaluate the materiality of the litigation threat and, if significant, withdraw from the engagement or decline re-appointment.
C.Advocacy threat; Firm ABC should represent Client K in court to demonstrate goodwill.
D.Familiarity threat; Firm ABC should rotate the junior audit associates while keeping the engagement partner.
Explanation: Threatened or actual litigation between an audit firm and its audit client creates severe intimidation and self-interest threats, as the adversarial relationship destroys the mutual trust and objectivity required for an independent audit. If discussions with TCWG cannot resolve the threat and safeguards cannot reduce it to an acceptable level, the CPA firm must decline the engagement or withdraw from the audit relationship.
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