our AA Questions exam prep is renowned for free renewal in the whole year. As you have experienced various kinds of exams, you must have realized that renewal is invaluable to study materials, especially to such important AA Questions exams. And there is no doubt that being acquainted with the latest trend of exams will, to a considerable extent, act as a driving force for you to pass the AA Questions exams and realize your dream of living a totally different life. And our AA Questions exam questions own a high quality which is easy to understand and practice. At the same time, our price is charming. The dynamic society prods us to make better.
Welcome your purchase for our AA Questions exam torrent.
At the same time, as long as the user ensures that the network is stable when using our AA - Audit & Insurance Questions training materials, all the operations of the learning material of can be applied perfectly. The content of our AA Latest Test Registration study materials has always been kept up to date. We will inform you by E-mail when we have a new version.
You will also get more salary, and then you can provide a better life for yourself and your family. AA Questions exam preparation is really good helper on your life path. Quickly purchase AA Questions study guide and go to the top of your life!
CPA AA Questions - So our customers can pass the exam with ease.
Our APP online version of AA Questions exam questions has the advantage of supporting all electronic equipment. You just need to download the online version of our AA Questions preparation dumps, and you can use our AA Questions study quiz by any electronic equipment. We can promise that the online version will not let you down. We believe that you will benefit a lot from it if you buy our AA Questions training materials.
If you like to use computer to learn, you can use the Software and the APP online versions of the AA Questions exam questions. If you like to write your own experience while studying, you can choose the PDF version of the AA Questions study materials.
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
SAP C-TS4CO-2023 - Besides, you can enjoy the best after-sales service. EXIN PR2F - In addition, when you are in the real exam environment, you can learn to control your speed and quality in answering questions and form a good habit of doing exercise, so that you’re going to be fine in the Audit & Insurance exam. If you are a college student, you can learn and use online resources through the student learning platform over the IAPP CIPT study materials. Our SASInstitute A00-406 quiz torrent can help you get out of trouble regain confidence and embrace a better life. More importantly, we will promptly update our Microsoft AZ-400 quiz torrent based on the progress of the letter and send it to you.
Updated: May 26, 2022