Free E&G Exam Prep
CPA Program Ethics and Governance
Prepare for the E&G exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
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E&G CPA Australia Program: Study Roadmap
Follow this path to organize your exam preparation
Phase 1: Accounting and Society + EthicsYou are here
Confirm the profession's role, regulatory framework and public interest, then master APES 110, the five fundamental principles, threats and safeguards, and ethical decision-making models.
Phase 2: Governance Concepts
Study corporate governance definitions and theories, agency and stewardship, the corporate form, governance models, the ASX Principles and the UK Code, and international perspectives.
Phase 3: Governance in Practice
Cover the board, independence and committees, remuneration, shareholder rights, risk oversight, whistleblowing, data security, and consumer and competition law.
Phase 4: Corporate Accountability + Exam Practice
Study CSR, the triple bottom line, integrated and sustainability reporting, ISSB and GRI, climate disclosure, then rehearse standard multiple-choice and extended-response practice under open-book timing.
Can You Take the E&G Exam?
Check if you meet the basic eligibility requirements
- •Maintain CPA Australia associate (ASA) membership while enrolled in the CPA Program; CPA Program rule 5 lets CPA Australia accept a non-member's enrolment in Ethics and Governance at its discretion
- •Enrol in the subject within an open semester and meet enrolment deadlines
- •Comply with CPA Australia exam policies, including open-book and proctoring rules
- •Complete the broader CPA Program subjects and experience requirement to be awarded CPA status
E&G Quick Facts
Time to Get Licensed
From start to license in hand
Exam Provider
CPA Australia via approved test centres and online proctoring
Retake Policy
Total Cost Breakdown
Free E&G Prep Tools
Reported exam pass rate: CPA Australia does not publish per-subject pass rates for Ethics and Governance; results are reported individually to candidates as a scaled score and grade.. These figures describe exam candidates, not OpenExamPrep user outcomes. Check the exam sponsor’s website for published statistics.
145 Practice Questions
Standard four-option MCQ drills covering topics from the official five-module weightings of the Fourth edition outline.
AI-Powered Learning
Adaptive guidance targets weak modules such as APES 110 threats and governance in practice.
2026 Updated
Review the current CPA Program Ethics and Governance Fourth edition subject outline and exam format.
Free Access
Start your Ethics and Governance prep free before paying CPA Program subject enrolment fees.
What You'll Study
12 chapters covering the exam topics in this guide
Chapter 1: The Accounting Profession and the Public Interest
4 sections
Chapter 2: Professional Regulation, Co-Regulation, and Discipline
4 sections
Chapter 3: Ethical Theories and Decision-Making Frameworks
5 sections
Chapter 4: The APES 110 Code of Ethics
5 sections
Chapter 5: The Corporate Form and Governance Theories
5 sections
Chapter 6: The ASX Corporate Governance Principles
4 sections
Chapter 7: Global Codes, Regulators, and Governance Beyond Listed Companies
4 sections
Chapter 8: The Board, Committees, and Executive Remuneration
5 sections
Chapter 9: Security Holders, Risk Oversight, and Market Integrity
3 sections
Chapter 10: Legal Duties, Whistleblowing, Cyber Risk, and Culture
5 sections
Chapter 11: Corporate Accountability and Reporting Theory
5 sections
Chapter 12: Sustainability Reporting Frameworks and Climate Disclosures
3 sections
E&G Exam Details
CPA Program Ethics and Governance
Administered by CPA Australia
Exam Content Breakdown
Based on the official CPA Australia content outline
The nature of the accounting profession, the role of professional accountants, the regulatory and professional framework, public interest, the social contract, IFAC, and self-regulation.
Ethical theories, the APES 110 Code of Ethics including Independence Standards, the five fundamental principles, the conceptual framework of threats and safeguards, and ethical decision-making models.
Corporate governance definitions and theories, agency and stewardship, the corporate form, governance models, ASX Principles, the UK Code, international and public sector perspectives.
Board role, independence and structure, audit and other committees, diversity, remuneration, shareholder rights, risk oversight, whistleblowing, data security, consumer and competition law.
Corporate accountability and CSR, the triple bottom line, limitations of financial reporting, integrated and sustainability reporting, ISSB and GRI frameworks, legitimacy and stakeholder theory, climate disclosure.
What's Included
12 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
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What's Next After the E&G?
After passing the E&G, you can pursue these career paths
CPA Program Global Strategy and Leadership
Progress to the capstone CPA Program subject integrating strategy, leadership and decision-making
CPA Program Financial Reporting
Build technical depth in IFRS-based financial reporting alongside ethics and governance
CA Program Ethics and Business
Compare the equivalent ethics and governance pathway in the Chartered Accountants program
CFA Level I
Extend into investment analysis with a globally recognised finance credential
E&G Exam FAQ
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