Free Practice Questions for Taiwan Certified Public Accountant Examination

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card

100+ Questions

100% Free

Loading practice questions...

Exam Review

Key Facts: Taiwan Certified Public Accountant Examination Exam

7 subjects

Six professional subjects plus Chinese essay composition.

MOEX CPA Examination Rules, Article 8

3 years

Retention period for passed professional subjects under the rolling pass system.

MOEX CPA Examination Rules, Article 10

NTD 2,300

Standard examination registration fee.

MOEX Examination Handbook

Independent English-language MCQ study for the six professional subjects in Taiwan's CPA Examination. The examination uses subject-by-subject passing; CPA certification, registration and practice requirements remain separate.

Sample Taiwan Certified Public Accountant Examination Practice Questions

Try these sample questions to review concepts for the Taiwan Certified Public Accountant Examination exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1A company records its materials price variance at purchase. It buys 1,500 kg at NTD 22 per kg against a standard price of NTD 20 per kg. What is the materials price variance?

A.NTD 3,000 unfavorable

B.NTD 3,000 favorable

C.NTD 33,000 unfavorable

D.NTD 30,000 favorable

Explanation: Price variance is actual quantity purchased × (actual price - standard price). It is 1,500 × (NTD 22 - NTD 20) = NTD 3,000 unfavorable because the purchase price exceeds the standard.

2A lessee can readily determine a lease's implicit annual rate of 6%; its incremental borrowing rate is 4%. Under IFRS 16, which rate discounts the unpaid lease payments at commencement?

A.6%, because the implicit rate is readily determinable

B.4%, because the lessee must always choose its own borrowing rate

C.5%, the average of the two available rates

D.0%, because initial lease liabilities are never discounted

Explanation: IFRS 16 uses the implicit rate when it is readily determinable, so the rate here is 6%. The 4% incremental borrowing rate is only the fallback when the implicit rate cannot readily be determined.

3Company X enters into a three-year equipment lease on January 1, 2024, with NTD 300,000 payable at each year-end. The implicit rate cannot be readily determined; its incremental borrowing rate is 5%. The ordinary annuity factor is 2.7232. What is the initial lease liability?

A.NTD 816,960

B.NTD 900,000

C.NTD 857,143

D.NTD 780,000

Explanation: The lease liability is NTD 300,000 × 2.7232 = NTD 816,960. The ordinary-annuity factor is appropriate because payments occur at year-end rather than at commencement.

4On January 1, 2024, Company X recognizes a lease liability of NTD 816,960 with a 5% annual discount rate. Its first NTD 300,000 payment is at December 31. What is first-year lease interest expense?

A.NTD 40,848

B.NTD 45,000

C.NTD 15,000

D.NTD 81,696

Explanation: First-year interest is NTD 816,960 × 5% = NTD 40,848. The remaining portion of the year-end cash payment reduces principal rather than interest expense.

5Under IFRS 9 (Financial Instruments), how are equity investments that are not held for trading classified and measured if the entity does not elect the Fair Value through Other Comprehensive Income (FVTOCI) option at initial recognition?

A.Fair Value through Profit or Loss (FVTPL)

B.Amortized Cost

C.Fair Value through Other Comprehensive Income (FVTOCI)

D.Historical cost less impairment

Explanation: Under IFRS 9, equity investments do not meet the Solely Payments of Principal and Interest (SPPI) test and therefore cannot be measured at amortized cost. By default, they must be measured at FVTPL, unless the irrevocable election is made to designate them at FVTOCI.

6When an entity sells an equity investment designated at FVTOCI under IFRS 9, how are the accumulated gains or losses recognized in Other Comprehensive Income treated?

A.Never recycled to profit or loss; a transfer within equity is permitted

B.Recycled from equity to profit or loss as a realized reclassification adjustment

C.Recognized as an operating cash flow adjustment in the income statement

D.Amortized from OCI to profit or loss over the investment's holding period

Explanation: IFRS 9 prohibits recycling accumulated OCI on equity instruments designated at FVTOCI to profit or loss upon disposal. A transfer within equity is permitted, but it is not mandatory and does not create a disposal gain in profit or loss.

7Under IAS 12, an asset's carrying amount exceeds its tax base. Assuming no recognition exception applies, what type of temporary difference and deferred tax balance result?

A.Taxable temporary difference (應課稅暫時性差異), leading to a Deferred Tax Liability

B.Deductible temporary difference (可減除暫時性差異), leading to a Deferred Tax Asset

C.Permanent difference (永久性差異), requiring no deferred tax accounting

D.Operating loss carryforward

Explanation: An asset with carrying amount above tax base has a taxable temporary difference because recovery will generate taxable amounts exceeding the remaining tax deductions. With no recognition exception, IAS 12 therefore requires a deferred tax liability.

8On December 31, 2024, Company Y has equipment with an accounting carrying amount of NTD 1,000,000 and a tax base of NTD 600,000. The corporate tax rate is 20%. No other temporary differences exist. What deferred tax balance should be reported on the balance sheet?

A.Deferred Tax Liability of NTD 80,000

B.Deferred Tax Asset of NTD 80,000

C.Deferred Tax Liability of NTD 200,000

D.Deferred Tax Asset of NTD 120,000

Explanation: Taxable temporary difference = Book Value - Tax Base = NTD 1,000,000 - NTD 600,000 = NTD 400,000. Deferred Tax Liability = NTD 400,000 * 20% = NTD 80,000.

9Company Z has 1,000,000 ordinary shares throughout 2024 and net profit of NTD 5,000,000. It also has 100,000 cumulative preference shares classified as equity, each with NTD 100 par value and a 6% annual dividend. None is declared. Under IAS 33, what is basic EPS?

A.NTD 4.40 per share

B.NTD 5.00 per share

C.NTD 4.50 per share

D.NTD 3.80 per share

Explanation: The cumulative preference dividend is 100,000 × NTD 100 × 6% = NTD 600,000, whether declared or not. Profit attributable to ordinary shareholders is NTD 5,000,000 - NTD 600,000 = NTD 4,400,000. Basic EPS is NTD 4,400,000 ÷ 1,000,000 = NTD 4.40.

10Under IAS 33, when convertible bonds are evaluated for diluted earnings per share (DEPS) using the 'if-converted' method, what adjustment is made to the numerator (net profit)?

A.After-tax interest expense recognized on the convertible bonds is added back

B.Pre-tax interest expense is added back without tax adjustment

C.Preferred dividends are added back

D.No adjustment is made to the numerator

Explanation: Under the if-converted method in IAS 33, if convertible bonds were converted at the beginning of the period, the company would have saved bond interest expense. Therefore, the interest expense recognized during the period net of tax [Interest * (1 - t)] is added back to profit attributable to ordinary equity holders.

About the Taiwan Certified Public Accountant Examination Exam

Independent practice by OpenExamPrep for 專門職業及技術人員高等考試會計師考試. The official MOEX CPA examination is conducted in Traditional Chinese with mixed multiple-choice and complex written calculation/case problems. This English-language MCQ study adaptation covers essential accounting, auditing, commercial law, and taxation concepts. It is not an official translation or format simulation, and cannot replace written technical problem-solving.

Exam sponsor: Ministry of Examination (考選部 / MOEX). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

2026 August 15: 國文 (2 h) and 審計學 (3 h). August 16: 高等會計學 (3 h), 稅務法規 (2 h), and 公司法、證券交易法與商業會計法 (2 h). August 17: 成本會計與管理會計 (3 h) and 中級會計學 (3 h). Professional papers are mixed; Chinese is composition.

Time Limit

18 examination hours over 3 days, excluding breaks.

Passing Score

Each professional subject passes at 60/100; Chinese passes at 60/100 or the sitting's average Chinese score. Passed subjects are retained for three years individually.

Exam / Certification Fees

NTD 2,300 standard registration fee.

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

MOEX Senior Examination for Certified Public Accountants Regulations · Source checked 2026-10-22Articles 4–6, 8–10: eligibility, partial-waiver routes and documents, seven subjects, and subject-by-subject passing.
Certified Public Accountant Act (會計師法) · Source checked 2026-10-22CPA qualification, practice registration, professional conduct, and legal obligations.
Securities and Exchange Act (證券交易法) · Source checked 2026-10-22Public offering, periodic financial reporting, insider trading prohibitions, and auditor liability.
MOEX 2026 CPA examination handbook · Source checked 2026-10-22August 15–17, 2026 sitting; NTD 2,300 fee; eligibility, subject formats and eighteen-hour timetable.
MOEX CPA professional-subject outline · Source checked 2026-10-22Six separately assessed professional subjects; accounting uses the prescribed preceding-year FSC-endorsed Traditional Chinese IFRS edition, and auditing excludes standards issued on or after January 1 of the examination year.
IFRS Foundation issued standards · Source checked 2026-10-22Primary accounting references for leases, financial instruments, impairment, consolidation, foreign currency and other financial-reporting concepts; the MOEX edition cutoff remains controlling for the examination.
ARDF Taiwan auditing and quality-management standards · Source checked 2026-10-22Taiwan standards for reporting, audit evidence, risk, representations and quality management; international numbering should not be mistaken for a separate English-language official examination.
Company Act · Source checked 2026-10-22Shareholder and director resolutions, conflicts, dividends and minority meeting rights.
Income Tax Act · Source checked 2026-10-22Corporate and individual tax, property income and foreign-entity rules; Article 43-4 commencement is separately determined and is not assumed to be in force.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

17 study questions; one of six professional papers

Intermediate Accounting (中級會計學)

Taiwan-IFRS standards, revenue recognition, lease accounting, financial assets and liabilities, employee benefits, and EPS calculation.

17 study questions; one of six professional papers

Advanced Accounting (高等會計學)

Consolidated financial statements, business acquisitions, foreign currency transactions, equity accounting, and derivatives.

17 study questions; one of six professional papers

Cost and Managerial Accounting (成本會計與管理會計)

Cost behavior, CVP analysis, process costing, variance analysis, transfer pricing, and capital budgeting.

17 study questions; one of six professional papers

Auditing (審計學)

Audit risk model, internal control testing, substantive procedures, auditor reports, professional ethics, and quality management.

16 study questions; one of six professional papers

Commercial Law (公司法、證券交易法與商業會計法)

Company Act governance rules, Securities and Exchange Act market regulations and insider trading, and Commercial Accounting Act recordkeeping.

16 study questions; one of six professional papers

Tax Law (稅務法規)

Profit-seeking enterprise income tax, individual income tax, alternative minimum tax, business tax, and tax collection rules.

Preparing for the Taiwan Certified Public Accountant Examination Exam

What You Need to Know

Passing score: Each professional subject passes at 60/100; Chinese passes at 60/100 or the sitting's average Chinese score. Passed subjects are retained for three years individually.
Assessment: 2026 August 15: 國文 (2 h) and 審計學 (3 h). August 16: 高等會計學 (3 h), 稅務法規 (2 h), and 公司法、證券交易法與商業會計法 (2 h). August 17: 成本會計與管理會計 (3 h) and 中級會計學 (3 h). Professional papers are mixed; Chinese is composition.
Time limit: 18 examination hours over 3 days, excluding breaks.
Exam / certification fees: NTD 2,300 standard registration fee. Official sources

Using Our Practice Resources

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

Taiwan Certified Public Accountant Examination: Suggested Study Strategy

1Review the mechanics of consolidation entries under IFRS 10, including non-controlling interest measurement and intra-entity unrealized gain eliminations.

2Practice auditing scenario evaluations regarding audit report opinion modifications (qualified, adverse, disclaimer) and Key Audit Matters (KAMs).

3Pay close attention to key corporate governance thresholds in the Company Act and insider trading provisions (Article 157 and 157-1) in the Securities and Exchange Act.

4Work through complex income tax calculations including the Alternative Minimum Tax (Income Basic Tax Act) and CFC (Controlled Foreign Company) rules.

Frequently Asked Questions

How does the rolling subject-based pass system work?

Article 10 retains each passed subject for three years individually. Professional subjects pass at 60; Chinese passes at 60 or the sitting's average Chinese score. Candidates complete the remaining subjects before their individual retained passes expire.

Can foreign CPA license holders obtain waivers?

Articles 5, 6 and 9 provide an application route for a qualifying equivalent foreign CPA examination certificate plus at least one year assisting audit-certification work at an accounting firm, with prescribed evidence. Approved candidates are exempt from Chinese, Intermediate Accounting, Advanced Accounting and Cost/Managerial Accounting, leaving Auditing, Commercial Law and Tax Law. A US-CPA credential alone does not automatically grant the waiver.

What is the examination format?

The six professional subjects use mixed multiple-choice and written problems; Chinese is composition. The published scheme specifies no additional oral, practical or assignment assessment. This English MCQ bank does not replace written calculation, extended responses or Chinese composition practice.

What standards are used for accounting and auditing in Taiwan?

The MOEX outline prescribes the preceding-year FSC-endorsed Traditional Chinese IFRS edition for accounting and the applicable Taiwan auditing and quality-management standards, subject to its publication cutoff. This bank uses English explanations of those concepts; candidates must also work with the official Chinese terminology and prescribed standards edition.