If you have decided to upgrade yourself by passing CPA certification AA Topic exam, then choosing Omgzlook is not wrong. Our Omgzlook promise you that you can pass your first time to participate in the CPA certification AA Topic exam and get CPA AA Topic certification to enhance and change yourself. If you are still struggling to prepare for passing AA Topic certification exam, at this moment Omgzlook can help you solve problem. So accordingly, we offer three versions of free demos for you to download. Our AA Topic practice questions are on the cutting edge of this line with all the newest contents for your reference. You can free download part of exam practice questions and answers about CPA certification AA Topic exam from Omgzlook website as a try to detect the quality of our products.
We can help you pass the CPA AA Topic exam smoothly.
They are time-tested AA - Audit & Insurance Topic learning materials, so they are classic. So that you will have the confidence to win the exam. Omgzlook's CPA AA Lab Questions exam training materials are highly targeted.
Finally, they finish all the compilation because of their passionate and persistent spirits. So you are lucky to come across our AA Topic exam questions. Once you choose our products, you choose high-efficiency exam preparation materials which will help you pass exam for sure.
Come and buy our CPA AA Topic exam guide!
If you are forced to pass exams and obtain certification by your manger, our AA Topic original questions will be a good choice for you. Our products can help you clear exams at first shot. We promise that we provide you with best quality AA Topic original questions and competitive prices. We offer 100% pass products with excellent service. We provide one year studying assist service and one year free updates downloading of CPA AA Topic exam questions. If you fail exam we support to exchange and full refund.
Up to now, many people have successfully passed the AA Topic exam with our assistance. So you need to be brave enough to have a try.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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
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
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
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
With the help of our online version, you can not only practice our Snowflake COF-C02 exam pdf in any electronic equipment, but also make you feel the atmosphere of Snowflake COF-C02 actual test. And whenever our customers have any problems on our SAP C-THR95-2405 practice engine, our experts will help them solve them at the first time. Our valid CompTIA SY0-601 practice questions are created according to the requirement of the certification center based on the real questions. You should concentrate on finishing all exercises once you are determined to pass the Splunk SPLK-3003 exam. Our CompTIA N10-009 training material comes with 100% money back guarantee to ensure the reliable and convenient shopping experience.
Updated: May 26, 2022