Secondly, since our AA Demo training quiz appeared on the market, seldom do we have the cases of customer information disclosure. We really do a great job in this career! Now, let us show you why our AA Demo exam questions are absolutely your good option. But our AA Demo real exam is high efficient which can pass the AA Demo exam during a week. To prevent you from promiscuous state, we arranged our AA Demo learning materials with clear parts of knowledge. The questions of our AA Demo guide questions are related to the latest and basic knowledge.
Certified Public Accountant AA They will mitigate your chance of losing.
You can learn some authentic knowledge with our high accuracy and efficiency AA - Audit & Insurance Demo simulating questions and help you get authentic knowledge of the exam. At the same time, if you have problems with downloading and installing, Audit & Insurance torrent prep also has dedicated staff that can provide you with remote online guidance. In order to allow you to use our products with confidence, New Study Guide AA Ppt test guide provide you with a 100% pass rate guarantee.
With our AA Demo study materials, all your agreeable outcomes are no longer dreams for you. And with the aid of our AA Demo exam preparation to improve your grade and change your states of life and get amazing changes in career, everything is possible. It all starts from our AA Demo learning questions.
CPA AA Demo - And we have become a popular brand in this field.
According to various predispositions of exam candidates, we made three versions of our AA Demo study materials for your reference: the PDF, Software and APP online. And the content of them is the same though the displays are different. Untenable materials may waste your time and energy during preparation process. But our AA Demo practice braindumps are the leader in the market for ten years. As long as you try our AA Demo exam questions, we believe you will fall in love with it.
For many people, it’s no panic passing the AA Demo exam in a short time. Luckily enough，as a professional company in the field of AA Demo practice questions ,our products will revolutionize the issue.
AA PDF DEMO:
QUESTION NO: 1
Internal auditors and management have become increasingly concerned about computer fraud.
Which of the following control procedures would be least important in preventing computer fraud?
A. Programme change control that requires a distinction between production programmes and test programmes.
B. Testing of new applications by users during the systems development process.
C. Segregation of duties between the applications programmer and the programme librarian function.
D. Segregation of duties between the programmer and systems analyst.
Answer: D
QUESTION NO: 2
The internal auditing department has been assigned to perform an audit of a division. Based on background review, the auditor knows the following about management policies:
Company policy is to rapidly promote divisional managers who show significant success. Thus, successful managers rarely stay at a division for more than three years.
A significant portion of division management's compensation comes in the form of bonuses based on the division's profitability.
The division was identified by senior management as a turnaround opportunity. The division is growing, but is not scheduled for a full audit by the external auditors this year. The division has been growing about 7% per year for the past three years and uses a standard cost system.
During the preliminary review, the auditor notes the following changes in financial data compared to the prior year:
Sales have increased by 10%.
Cost of goods sold has increased by 2%.
Inventory has increased by 15%.
Divisional net income has increased by 8%.
Assume the auditor found that there was a plan to overstate inventory and therefore increase reported profits for the division. If reported correctly, the division would not have shown an increase in net income. The auditor has substantial evidence that the divisional manager was aware of and approved the plan to overstate inventory. There is also some evidence that the manager may have been responsible for the implementation of the plan.
The appropriate audit action would be to
A. Continue to conduct interviews with subordinates until a clear-cut case is made and then report the case to the audit committee.
B. Inform management and the audit committee of the findings and discuss proper follow-up action and/or further investigation with them.
C. Inform the divisional manager of the audit suspicions and obtain the manager's explanation of the findings before pursuing the matter further.
D. Document the case thoroughly and report the suspicions to the external auditor for further review and external reporting.
Answer: B
QUESTION NO: 3
Internal auditors must exercise due care if they are to meet their responsibilities for fraud detection. Thus, the existence of certain conditions should raise auditor's professional scepticism concerning possible fraud. Which of the following is most likely to be considered as an indication of possible fraud?
A. A new management team installed as the result of a takeover.
B. Rapid turnover of financial executives.
C. Rapid expansion into new markets.
D. Tax authorities' audit of tax returns.
Answer: B
QUESTION NO: 4
An auditor performs an analytical review by comparing the gross margins of various divisional operations with those of other divisions and with the individual division's performance in previous years. The auditor notes a significant increase in the gross margin at one division. The auditor does the preliminary investigation and notes that there were no changes in products, production methods, or divisional management during the year.
Based on the above information, the most likely cause of the increase in gross margin would be
A. An increase in the number of competitors selling similar products.
B. A decrease in the number of suppliers of the material used in manufacturing the product.
C. An overstatement of year-end inventory.
D. An understatement of year-end accounts receivable.
Answer: C
QUESTION NO: 5
John has been given the following draft figures for Kulran Ltd for the year ended 30 June 2011 to analyse. Materiality has been set at $35,000 and the finance director has told John in a planning meeting that there have been few changes in the year. Budgets were set at 2010 levels and there have been no major movements in non-current assets.
20112010
$$
Revenue3,497,2843,487,286
Cost of sales1,867,2942,008,967
Salaries467,900420,975
Which of the following is normally designed to detect possible material monetary errors in the above figures of financial statements?
A. Test of control
B. Walk-through test
C. Analytical procedure
D. Observation of a procedure
Answer: C
We guarantee that you can pass the exam at one time even within one week based on practicing our EMC D-PSC-MN-23 exam materials regularly. The most attraction aspect is that our high pass rate of our SAP C-THR88-2405 study materials as 98% to 100%. And you cannot miss the opportunities this time for as the most important and indispensable practice materials in this line, we have confidence in the quality of our Microsoft AZ-120 practice materials, and offer all after-sales services for your consideration and acceptance. Time and tide wait for no man, if you want to save time, please try to use our SAP C_THR95_2405 preparation exam, it will cherish every minute of you and it will help you to create your life value. ITIL ITIL-DSV - Then we can offer you a variety of learning styles.
Updated: May 26, 2022