The AA Dumps examination certification, as other world-renowned certification, will get international recognition and acceptance. People around the world prefer AA Dumps exam certification to make their careers more strengthened and successful. In Omgzlook, you can choose the products which are suitable for your learning ability to learn. The free demo can show you the quality of our exam materials. You can download any time before purchasing. Our staff made great efforts to ensure that you always get good grades in examinations.
Certified Public Accountant AA It can help you pass the exam successfully.
Our AA - Audit & Insurance Dumps real dumps has received popular acceptance worldwide with tens of thousands of regular exam candidates who trust our proficiency. Yes, this is true. You get what you want is one of the manifestations of success.
We regard the customer as king so we put a high emphasis on the trust of every users, therefore our security system can protect you both in payment of AA Dumps guide braindumps and promise that your computer will not be infected during the process of payment on our AA Dumps study materials. Moreover, if you end up the cooperation between us,we have the responsibility to delete your personal information on AA Dumps exam prep. In a word, Wwe have data protection act for you to avoid information leakage!
CPA AA Dumps - It costs both time and money.
Having been handling in this line for more than ten years, we can assure you that our AA Dumps study questions are of best quality and reasonable prices for your information. We offer free demos of the latest version covering all details of our AA Dumps exam braindumps available at present as representatives. So AA Dumps practice materials come within the scope of our business activities. Choose our AA Dumps learning guide, you won't regret!
You can totally rely on us! We never concoct any praise but show our capacity by the efficiency and profession of our AA Dumps practice materials.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
CompTIA PT0-003 study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. Cisco 700-805 - Believe us and if you purchase our product it is very worthy. If you have any questions after you buy our VMware 5V0-31.22 study guide, you can always get thoughtful support and help by email or online inquiry. Now I am going to introduce you the PDF version of Cisco 700-240 test braindumps which are very convenient. Huawei H12-621_V1.0 - Professional ability is very important both for the students and for the in-service staff because it proves their practical ability in the area they major in.
Updated: May 26, 2022