Our PDF version can be printed and you can take notes as you like. We know that every user has their favorite. Therefore, we have provided three versions of AA Dump Collection practice guide: the PDF, the Software and the APP online. Our AA Dump Collection preparation exam will be very useful for you if you are going to take the exam. So if you buy our AA Dump Collection guide quiz, it will help you pass your exam and get the certification in a short time, and you will find that our AA Dump Collection study materials are good value for money. 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.
Certified Public Accountant AA So our product is a good choice for you.
During your practice process, the AA - Audit & Insurance Dump Collection test questions would be absorbed, which is time-saving and high-efficient. Under the help of our New Study Guide AA Book exam questions, the pass rate among our customers has reached as high as 98% to 100%. We are look forward to become your learning partner in the near future.
Once our customers pay successfully, we will check about your email address and other information to avoid any error, and send you the AA Dump Collection prep guide in 5-10 minutes, so you can get our AA Dump Collection exam questions at first time. And then you can start your study after downloading the AA Dump Collection exam questions in the email attachments. High efficiency service has won reputation for us among multitude of customers, so choosing our AA Dump Collection real study dumps we guarantee that you won’t be regret of your decision.
All the help provided by CPA AA Dump Collection test prep is free.
In order to meet the needs of all customers that pass their exam and get related certification, the experts of our company have designed the updating system for all customers. Our AA Dump Collection exam question will be constantly updated every day. The IT experts of our company will be responsible for checking whether our AA Dump Collection exam prep is updated or not. Once our AA Dump Collection test questions are updated, our system will send the message to our customers immediately. If you use our AA Dump Collection exam prep, you will have the opportunity to enjoy our updating system. You will get the newest information about your exam in the shortest time. You do not need to worry about that you will miss the important information, more importantly, the updating system is free for you, so hurry to buy our AA Dump Collection exam question, you will find it is a best choice for you.
Knowledge is wealth. Modern society needs solid foundation, broad knowledge, and comprehensive quality of compound talents.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
Cisco 300-715 - Remember this version support Windows system users only. Fortinet NSE5_FSM-6.3 - Whenever it is possible, you can begin your study as long as there has a computer. Get the test EMC D-PDC-DY-23 certification is not achieved overnight, we need to invest a lot of time and energy to review, and the review process is less a week or two, more than a month or two, or even half a year, so EMC D-PDC-DY-23 exam questions are one of the biggest advantage is that it is the most effective tools for saving time for users. Please believe that SAP C_THR82_2405 learning materials will be your strongest backing from the time you buy our SAP C_THR82_2405 practice braindumps to the day you pass the exam. EMC D-NWR-DY-23 - In other words, we will be your best helper.
Updated: May 26, 2022