So that as long as we receive you email or online questions about our AA Exam Dump study materials, then we will give you information as soon as possible. If you do not receive our email from us, you can contact our online customer service right away for we offer 24/7 services on our AA Exam Dump learning guide. We will solve your problem immediately and let you have AA Exam Dump exam questions in the least time for you to study. Omgzlook can help a lot of people achieve their dream. If you choose Omgzlook, but you do not successfully pass the examination, Omgzlook will give you a full refund. Why don't you there have a brave attempt? You will certainly benefit from your wise choice.
Certified Public Accountant AA You will become friends with better people.
Certified Public Accountant AA Exam Dump - Audit & Insurance This is a real news. Every day they are on duty to check for updates of AA Reliable Study Questions Pdf study materials for providing timely application. We also welcome the suggestions from our customers, as long as our clients propose rationally.
It includes questions and answers, and issimilar with the real exam questions. This really can be called the best training materials. Everyone has their own life planning.
CPA AA Exam Dump - Quickly, the scores will display on the screen.
We promise during the process of installment and payment of our Audit & Insurance prep torrent, the security of your computer or cellphone can be guaranteed, which means that you will be not afraid of virus intrusion and personal information leakage. Besides we have the right to protect your email address and not release your details to the 3rd parties. Moreover if you are not willing to continue our AA Exam Dump test braindumps service, we would delete all your information instantly without doubt. The main reason why we try our best to protect our customers’ privacy is that we put a high value on the reliable relationship and mutual reliance to create a sustainable business pattern.
You cannot always stay in one place. So the three versions of the AA Exam Dump study materials are suitable for different situations.
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
Come and buy our IBM C1000-163 exam questions! The EMC D-PDD-OE-23 certification exam training tools contains the latest studied materials of the exam supplied by IT experts. And after using our Splunk SPLK-1002 learning prep, they all have marked change in personal capacity to deal with the Splunk SPLK-1002 exam intellectually. The industrious Omgzlook's IT experts through their own expertise and experience continuously produce the latest CPA Qlik QREP training materials to facilitate IT professionals to pass the CPA certification Qlik QREP exam. EMC D-VXB-DY-A-24 - So during your formative process of preparation, we are willing be your side all the time.
Updated: May 26, 2022