CPA Australia · CPA Program subject · Fourth edition
CPA Australia Ethics and Governance Exam
The profession and its regulators, APES 110 and ethical decision making, corporate governance, directors’ duties and corporate accountability. Multiple-choice questions plus a typed extended response, 195 minutes, open book, scaled score with 540 of 900 to pass.
Time
195 minutes
Book
Open book
Did not pass, S2 2025
36.3%
Module weights
From the fourth edition outline on cpaaustralia.com.au. Our diagnostics and mock papers draw questions in these proportions.
1.Accounting and society
15%2.Ethics
20%3.Governance concepts
25%4.Governance in practice
25%5.Corporate accountability
15%
5 practice questions
Original questions, one or two per module, with the explanation and the paragraph each answer rests on. The full bank of 200 questions, the diagnostic and your wrong-question list are in the free dashboard.
Which body issues APES 110 Code of Ethics for Professional Accountants (including Independence Standards), the ethics code binding members of Australia's major professional accounting bodies?
Frequently asked questions
How long is the CPA Australia Ethics and Governance exam?
195 minutes. It is multiple-choice questions plus a typed extended response, open book. Study guide and printed notes allowed.
What does the Ethics and Governance exam weight most heavily?
Module 3, Governance concepts (25%), and Module 4, Governance in practice (25%). The fourth edition outline publishes a weighting for every module; the table on this page lists them all.
What score do I need to pass Ethics and Governance?
CPA Australia reports a scaled score from 100 to 900, and 540 is a pass. The raw mark behind it is not published. In Semester 2 2025, 36.3% of candidates did not pass Ethics and Governance, according to CPA Australia's exam report as republished by KnowledgEquity.
Does the practice cover the Ethics and Governance extended response?
No. The practice covers the multiple-choice and case-based questions only. The typed extended response is marked by examiners against the case, and we do not simulate or grade it.
Other CPA Program subjects
Exam rules from CPA Australia . EstatePass is not affiliated with CPA Australia; questions are our own, written from public standards and legislation.