That is the reason why we make it without many sales tactics to promote our AA Braindumps Files learning materials, their brand is good enough to stand out in the market. Download our AA Braindumps Files training prep as soon as possible and you can begin your review quickly. High as 98 to 100 percent of exam candidates pass the exam after refer to the help of our AA Braindumps Files practice braindumps. You are bound to pass the exam if you buy our AA Braindumps Files learning guide. Instant answer feedback allows you to identify your vulnerabilities in a timely manner, so as to make up for your weaknesses. The superiority of our AA Braindumps Files practice materials is undeniable.
Certified Public Accountant AA It can help you to pass the exam successfully.
AA - Audit & Insurance Braindumps Files exam questions will help you reach the peak of your career. Omgzlook allows you to have a bright future. And allows you to work in the field of information technology with high efficiency.
In order to facilitate the user's offline reading, the AA Braindumps Files study braindumps can better use the time of debris to learn, especially to develop PDF mode for users. In this mode, users can know the AA Braindumps Files prep guide inside the learning materials to download and print, easy to take notes on the paper, and weak link of their memory, at the same time, every user can be downloaded unlimited number of learning, greatly improve the efficiency of the users with our AA Braindumps Files exam questions. Or you will forget the so-called good, although all kinds of digital device convenient now we read online, but many of us are used by written way to deepen their memory patterns.
CPA AA Braindumps Files - When choosing a product, you will be entangled.
When people take the subway staring blankly, you can use Pad or cell phone to see the PDF version of the AA Braindumps Files study materials. While others are playing games online, you can do online AA Braindumps Files exam questions. We are sure that as you hard as you are, you can pass AA Braindumps Files exam easily in a very short time. While others are surprised at your achievement, you might have found a better job.
Our study materials allow users to use the AA Braindumps Files certification guide for free to help users better understand our products better. Even if you find that part of it is not for you, you can still choose other types of learning materials in our study materials.
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 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: 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
Besides, the simulate test environment will help you to be familiar with the Dell D-PWF-RDY-A-00 actual test. If you are really in doubt, you can use our trial version of our NAHP NRCMA exam questions first. IBM C1000-180 - Our business policy is "products win by quality, service win by satisfaction". Oracle 1z1-819 - If you are now determined to go to research, there is still a little hesitation in product selection. SAP C_C4H51_2405 VCE dumps help you save time to clear exam.
Updated: May 26, 2022