Provided that you lose your exam with our AA Price exam questions unfortunately, you can have full refund or switch other version for free. All the preoccupation based on your needs and all these explain our belief to help you have satisfactory and comfortable purchasing services on the AA Price study guide. We assume all the responsibilities our AA Price simulating practice may bring you foreseeable outcomes and you will not regret for believing in us assuredly. According to the needs of the candidate, they consider the issue from all angles, and manufacturing applicability exam training materials. This material is CPA AA Price exam training materials, which including questions and answers. We have free demos of our AA Price practice engine that you can download before purchase, and you will be surprised to find its good quality.
Certified Public Accountant AA As long as the road is right, success is near.
We can make sure that all employees in our company have wide experience and advanced technologies in designing the AA - Audit & Insurance Price study dump. Using Valid Test AA Cram Review 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.
Our AA Price study materials can have such a high pass rate, and it is the result of step by step that all members uphold the concept of customer first. If you use a trial version of AA Price training prep, you can find that our study materials have such a high passing rate and so many users support it. After using the trial version, we believe that you will be willing to choose AA Price exam questions.
CPA AA Price - Everything is changing so fast.
If you want to buy CPA AA Price exam study guide online services, then we Omgzlook is one of the leading service provider's site. These training products to help you pass the exam, we guarantee to refund the full purchase cost. Our website provide all the study materials and other training materials on the site and each one enjoy one year free update facilities. If these training products do not help you pass the exam, we guarantee to refund the full purchase cost.
And we always have a very high hit rate on the AA Price study guide by our customers for our high pass rate is high as 98% to 100%. No matter where you are or what you are, AA Price practice questions promises to never use your information for commercial purposes.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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
QUESTION NO: 4
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: 5
When performing risk assessment procedures and related activities to obtain an understanding of the entity and its environment, including the entity's internal control, required by ISA 315, the auditor shall perform certain procedures to obtain information for use in identifying the risks of material misstatement due to fraud.
Which of the following is not a part of an entity's risk assessment process?
A. Identify relevant business risks
B. Assess the likelihood of occurrence
C. Decide upon actions to manage the risks
D. Report the process to the auditors
Answer: D
EMC D-PST-MN-A-24 - IT certification candidates are mostly working people. ISC SSCP - A lot of our loyal customers are very familiar with their characteristics. Are you IT person? Do you want to succeed? If you want to succeed, please do to buy Omgzlook's CPA Microsoft AZ-104 exam training materials. If you really want to pass the Microsoft MB-700 exam faster, choosing a professional product is very important. To pass the CPA Cisco 350-601 exam, in fact, is not so difficult, the key is what method you use.
Updated: May 26, 2022