And if you don't know which one to buy, you can free download the demos of the AA Ppt study materials to check it out. The demos of the AA Ppt exam questions are a small part of the real exam questions. In order to meet a wide range of tastes, our company has developed the three versions of the AA Ppt preparation questions, which includes PDF version, online test engine and windows software. We have made all efforts to update our product in order to help you deal with any change, making you confidently take part in the exam. We will inform you that the AA Ppt study materials should be updated and send you the latest version in a year after your payment. In order to provide a convenient study method for all people, our company has designed the online engine of the AA Ppt study practice dump.
Certified Public Accountant AA As we all know, time and tide wait for no man.
When you try our part of CPA certification AA - Audit & Insurance Ppt exam practice questions and answers, you can make a choice to our Omgzlook. Now Omgzlook provide you a effective method to pass CPA certification AA Certified Questions exam. It will play a multiplier effect to help you pass the exam.
Since CPA AA Ppt certification is so popular and our Omgzlook can not only do our best to help you pass the exam, but also will provide you with one year free update service, so to choose Omgzlook to help you achieve your dream. For tomorrow's success, is right to choose Omgzlook. Selecting Omgzlook, you will be an IT talent.
CPA AA Ppt - I wish you good luck.
Omgzlook website is fully equipped with resources and the questions of CPA AA Ppt exam, it also includes the CPA AA Ppt exam practice test. Which can help candidates prepare for the exam and pass the exam. You can download the part of the trial exam questions and answers as a try. Omgzlook provide true and comprehensive exam questions and answers. With our exclusive online CPA AA Ppt exam training materials, you'll easily through CPA AA Ppt exam. Our site ensure 100% pass rate.
IT authentication certificate is a best proof for your IT professional knowledge and experience. CPA AA Ppt is a very important certification exam in the IT industry and passing CPA certification AA Ppt exam is very difficult.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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
QUESTION NO: 4
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: 5
When questions arise on the appropriateness of the going concern assumption made by management and the existence of material misstatements which was not adequately disclosed in the financial statements would lead to auditor's-
A. Qualified opinion
B. Unmodified opinion
C. Disclaimer of opinion
D. Unmodified opinion (but have to include an emphasis of matter paragraph in the auditor's report)
Answer: A
The exam materiala of the Omgzlook CPA HP HPE6-A73 is specifically designed for candicates. WGU Principles-of-Management - Select Omgzlook is equivalent to choose success. CPA EMC D-PSC-DY-23 certification exam will definitely lead you to a better career prospects. Omgzlook CPA Microsoft MB-700 exam training materials bear with a large number of the exam questions you need, which is a good choice. HP HP2-I71 - Come on, you will be the next best IT experts.
Updated: May 26, 2022