At present, our AA Dumps Pdfstudy materials can give you a ray of hope. You can get the AA Dumps Pdf certification easily with our AA Dumps Pdf learning questions and have a better future. Everyone has the right to pursue happiness and wealth. Moreover, we can give you a year of free updates until you pass the exam. Omgzlook is a professional website. Our AA Dumps Pdf study braindumps are designed in the aim of making the study experience more interesting and joyful.
Certified Public Accountant AA So try to trust us.
Have you signed up for CPA AA - Audit & Insurance Dumps Pdf exam? Will masses of reviewing materials and questions give you a headache? Omgzlook can help you to solve this problem. Our windows software and online test engine of the Valid Exam AA Blueprint exam questions are suitable for all age groups. At the same time, our operation system is durable and powerful.
Many times getting a right method is important and more efficient than spending too much time and money in vain. Our Omgzlook team devote themselves to studying the best methods to help you pass AA Dumps Pdf exam certification. From the time when you decide whether to purchase our AA Dumps Pdf exam software or not, we have provided you with comprehensive guarantees, including free demo download before buying, payment guarantee in purchase process, one-year free update service after you purchased AA Dumps Pdf exam software, and full refund guarantee of dump cost if you fail AA Dumps Pdf exam certification, which are all our promises to ensure customer interests.
So are our CPA AA Dumps Pdf exam braindumps!
Our AA Dumps Pdf training materials are regarded as the most excellent practice materials by authority. Our company is dedicated to researching, manufacturing, selling and service of the AA Dumps Pdf study guide. Also, we have our own research center and experts team. So our products can quickly meet the new demands of customers. That is why our AA Dumps Pdf exam questions are popular among candidates. we have strong strenght to support our AA Dumps Pdf practice engine.
There are so many advantages of our AA Dumps Pdf actual exam, and you are welcome to have a try! We have put substantial amount of money and effort into upgrading the quality of our AA Dumps Pdf preparation materials, into our own AA Dumps Pdf sales force and into our after sale services.
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
IBM C1000-163 - Time is flying and the exam date is coming along, which is sort of intimidating considering your status of review process. You can learn Fortinet FCP_FCT_AD-7.2 quiz torrent skills and theory at your own pace, and you are not necessary to waste your time on some useless books or materials and you will save more time and energy that you can complete other thing. So you will never have to worry that the exam questions and answers will be outdated one day for our experts are always keeping on updating the EMC D-PST-OE-23 study materials to the most precise. SAP C-BW4H-2404 - So you won’t be pestered with the difficulties of the exam any more. Omgzlook is a professional website to specially provide training tools for IT certification exams and a good choice to help you pass EMC D-UN-OE-23 exam,too.
Updated: May 26, 2022