If you have the AA Tool certification, it will be easier for you to get respect and power. Our company happened to be designing the AA Tool exam question. Do you want to have a new change about your life? Do you want to get more respects from other people? Do you long to become a powerful people? If your answer is yes, it is high time for you to use the AA Tool question torrent from our company. If you want to try to know more about our AA Tool dumps torrent, our free demo will be the first step for you to download. I would like to inform you that you are coming to a professional site engaging in providing valid AA Tool dumps torrent materials. Our AA Tool practice materials integrating scientific research of materials, production of high quality AA Tool training engine and considerate after-sales services have help us won a prominent position in the field of materials.
Certified Public Accountant AA If you fail, don't forget to learn your lesson.
If you like to take notes randomly according to your own habits while studying, we recommend that you use the PDF format of our AA - Audit & Insurance Tool study guide. Don't hesitate to get help from our customer assisting. Downloading the Reliable Visual AA Cert Exam free demo doesn't cost you anything and you will learn about the pattern of our practice exam and the accuracy of our Reliable Visual AA Cert Exam test answers.
We often ask, what is the purpose of learning? Why should we study? Why did you study for AA Toolexam so long? As many people think that, even if one day we forget the formula for the area of a triangle, we can still live very well, but if it were not for the knowledge of learning AA Tool exam and try to obtain certification, how can we have the opportunity to good to future life? So, the examination is necessary, only to get the test AA Tool certification, get a certificate, to prove better us, to pave the way for our future life.
CPA AA Tool - Just come and buy it!
The dynamic society prods us to make better. Our services on our AA Tool exam questions are also dependable in after-sales part with employees full of favor and genial attitude towards job. So our services around the AA Tool training materials are perfect considering the needs of exam candidates all-out. They bravely undertake the duties. Our staff knows our AA Tool study quiz play the role of panacea in the exam market which aim to bring desirable outcomes to you.
The series of AA Tool measures we have taken is also to allow you to have the most professional products and the most professional services. I believe that in addition to our AA Tool exam questions, you have also used a variety of products.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 5
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
We can guarantee that we will keep the most appropriate price because we want to expand our reputation of Microsoft MB-230 preparation dumps in this line and create a global brand. Users can learn the latest and latest test information through our EMC D-CIS-FN-23 test dumps. SAP C-HRHFC-2405 - Service is first! Amazon SAA-C03-KR - This kind of learning method is very convenient for the user, especially in the time of our fast pace to get CPA certification. The content of our IBM C1000-163 study materials has always been kept up to date.
Updated: May 26, 2022