You can effortlessly yield the printouts of AA Prep exam study material as well, PDF files make it extremely simple for you to switch to any topics with a click. While the Practice Software creates is an actual test environment for your AA Prep certification exam. All the preparation material reflects latest updates in AA Prep certification exam pattern. The trick to the success is simply to be organized, efficient, and to stay positive about it. If you are remain an optimistic mind all the time when you are preparing for the AA Prep exam, we deeply believe that it will be very easy for you to successfully pass the exam, and get the related certification in the near future. Moreover, doing these practice tests will impart you knowledge of the actual AA Prep exam format and develop your command over it.
Certified Public Accountant AA Life is a long journey.
Certified Public Accountant AA Prep - Audit & Insurance Our Audit & Insurance exam prep has taken up a large part of market. This is the result of our efforts and the best gift to the user. And it is also proved and tested the quality of our New AA Braindumps Free training engine is excellent.
The CPA AA Prep exam questions aid its customers with updated and comprehensive information in an innovative style. The AA Prep exam simulator plays a vital role in increasing your knowledge for exam. The Omgzlook’ CPA Testing Engine provides an expert help and it is an exclusive offer for those who spend most of their time in searching relevant content in the books.
CPA AA Prep - It's never too late to know it from now on.
CPA AA Prep exam materials of Omgzlook is devoloped in accordance with the latest syllabus. At the same time, we also constantly upgrade our training materials. So our exam training materials is simulated with the practical exam. So that the pass rate of Omgzlook is very high. It is an undeniable fact. Through this we can know that Omgzlook CPA AA Prep exam training materials can brought help to the candidates. And our price is absolutely reasonable and suitable for each of the candidates who participating in the IT certification exams.
And this version also helps establish the confidence of the candidates when they attend the AA Prep exam after practicing. Because of the different habits and personal devices, requirements for the version of our AA Prep exam questions vary from person to person.
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
As the top-rated exam in IT industry, Fortinet FCP_FML_AD-7.4 certification is one of the most important exams. Our SAP C-THR12-2311 study materials boost superior advantages and the service of our products is perfect. Indeed, CPA Juniper JN0-649 test is very difficult exam, but this is not suggested that you cannot get high marks and pass your exam with ease. And we will give you the most considerate suggestions on our EMC D-RP-OE-A-24 learning guide with all our sincere and warm heart. Why we give a promise that once you fail the exam with our dump, we guarantee a 100% full refund of the dump cost to you, as all those who have pass the exam successfully with our IAPP CIPT exam dumps give us more confidence to make the promise of "No help, full refund".
Updated: May 26, 2022