However, with AA Exam Labs exam questions, you will never encounter such problems, because our materials are distributed to customers through emails. After you have successfully paid, you can immediately receive AA Exam Labs test guide from our customer service staff, and then you can start learning immediately. Many students often start to study as the exam is approaching. Because our products will help you solve the problem, it will never let you down if you decide to purchase and practice our AA Exam Labs latest question. In order to gain the certification quickly, people have bought a lot of study materials, but they also find that these materials don’t suitable for them and also cannot help them. You can save much time and money to do other things what meaningful.
You will never worry about the AA Exam Labs exam.
Not only we offer the best AA - Audit & Insurance Exam Labs training prep, but also our sincere and considerate attitude is praised by numerous of our customers. Our company committed all versions of Latest AA Learning Materials practice materials attached with free update service. When Latest AA Learning Materials exam preparation has new updates, the customer services staff will send you the latest version.
You will come across almost all similar questions in the real AA Exam Labs exam. Then the unfamiliar questions will never occur in the examination. Even the AA Exam Labs test syllabus is changing every year; our experts still have the ability to master the tendency of the important knowledge as they have been doing research in this career for years.
CPA AA Exam Labs - You can learn anytime, anywhere.
In modern society, we are busy every day. So the individual time is limited. The fact is that if you are determined to learn, nothing can stop you! You are lucky enough to come across our AA Exam Labs exam materials. Our AA Exam Labs study guide can help you improve in the shortest time. Even you do not know anything about the AA Exam Labs exam. It absolutely has no problem. You just need to accept about twenty to thirty hours’ guidance of our AA Exam Labs learning prep, it is easy for you to take part in the exam.
Our AA Exam Labs exam question can make you stand out in the competition. Why is that? The answer is that you get the certificate.
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
Microsoft SC-900 - Don't you think it is quite amazing? Just come and have a try! SAP C-THR88-2405 - First, we have high pass rate as 98% to 100% which is unique in the market. In order to meet a wide range of tastes, our company has developed the three versions of the ATLASSIAN ACP-120 preparation questions, which includes PDF version, online test engine and windows software. Adobe AD0-E328 - We have made all efforts to update our product in order to help you deal with any change, making you confidently take part in the exam. In order to provide a convenient study method for all people, our company has designed the online engine of the Microsoft AZ-204 study practice dump.
Updated: May 26, 2022