We can make sure that all employees in our company have wide experience and advanced technologies in designing the AA Free study dump. So a growing number of the people have used our study materials in the past years, and it has been a generally acknowledged fact that the quality of the AA Free test guide from our company is best in the study materials market. Now we would like to share the advantages of our AA Free study dump to you, we hope you can spend several minutes on reading our introduction; you will benefit a lot from it. Using AA Free real questions will not only help you clear exam with less time and money but also bring you a bright future. We are looking forward to your join. After using the trial version, we believe that you will be willing to choose AA Free exam questions.
Certified Public Accountant AA Perhaps this is the beginning of your change.
Our Software version of AA - Audit & Insurance Free study materials will be your best assistant. Therefore, modern society is more and more pursuing efficient life, and our AA Valid Exam Forum exam materials are the product of this era, which conforms to the development trend of the whole era. It seems that we have been in a state of study and examination since we can remember, and we have experienced countless tests, including the qualification examinations we now face.
Our online resources and events enable you to focus on learning just what you want on your timeframe. You get access to every AA Free exams files and there continuously update our AA Free study materials; these exam updates are supplied free of charge to our valued customers. Get the best AA Free exam Training; as you study from our exam-files.
Our CPA AA Free learning guide will be your best choice.
To learn more about our AA Free exam braindumps, feel free to check our CPA Exam and Certifications pages. You can browse through our AA Free certification test preparation materials that introduce real exam scenarios to build your confidence further. Choose from an extensive collection of products that suits every AA Free certification aspirant. You can also see for yourself how effective our methods are, by trying our free demo. So why choose other products that can’t assure your success? With Omgzlook, you are guaranteed to pass AA Free certification on your very first try.
After your payment, we will send the updated AA Free exam to you immediately and if you have any question about updating, please leave us a message. In accordance with the actual exam, we provide the latest AA Free exam dumps for your practices.
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
Some useless products may bring about an adverse effect, so choose our SAP C-THR92-2405 practice engine is 100 percent secure for their profession and usefulness and also our considerate after-sales services. SASInstitute A00-282 - We offer the most considerate after-sales services for you 24/7 with the help of patient staff and employees. If you do not have access to internet most of the time, if you need to go somewhere is in an offline state, but you want to learn for your EMC D-PSC-DS-23 exam. In today’s society, many enterprises require their employees to have a professional NAHQ CPHQ certification. PMI PMO-CP - And we can help you get success and satisfy your eager for the certificate.
Updated: May 26, 2022