Here our AA Exam Overview exam braindumps are tailor-designed for you. Unlike many other learning materials, our Audit & Insurance guide torrent is specially designed to help people pass the exam in a more productive and time-saving way, and such an efficient feature makes it a wonderful assistant in personal achievement as people have less spare time nowadays. On the other hand, AA Exam Overview exam braindumps are aimed to help users make best use of their sporadic time by adopting flexible and safe study access. Now, I would like to give you a brief introduction in order to make you deepen your impression of our AA Exam Overview test guides. In order to gain more competitive advantage in the interview, more and more people have been eager to obtain the AA Exam Overview certification. Are you still worried about whether or not our AA Exam Overview materials will help you pass the exam? Are you still afraid of wasting money and time on our materials? Don’t worry about it now, our AA Exam Overview materials have been trusted by thousands of candidates.
Certified Public Accountant AA This is a practice test website.
High quality AA - Audit & Insurance Exam Overview practice materials leave a good impression on the exam candidates and bring more business opportunities in the future. Omgzlook site has a long history of providing CPA New AA Exam Questions Vce exam certification training materials. It has been a long time in certified IT industry with well-known position and visibility.
Provided that you lose your exam with our AA Exam Overview exam questions unfortunately, you can have full refund or switch other version for free. All the preoccupation based on your needs and all these explain our belief to help you have satisfactory and comfortable purchasing services on the AA Exam Overview study guide. We assume all the responsibilities our AA Exam Overview simulating practice may bring you foreseeable outcomes and you will not regret for believing in us assuredly.
Now CPA CPA AA Exam Overview certification test is very popular.
No matter in the day or on the night, you can consult us the relevant information about our AA Exam Overview preparation exam through the way of chatting online or sending emails. I’m sure our 24-hour online service will not disappoint you as we offer our service 24/7 on our AA Exam Overview study materials. And we will give you the most considerate suggestions on our AA Exam Overview learning guide with all our sincere and warm heart.
So our IT technicians of Omgzlook take more efforts to study AA Exam Overview exam materials. All exam software from Omgzlook is the achievements of more IT elite.
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
Our company provides convenient service to the clients all around the world so that the clients all around the world can use our Microsoft AZ-104 study materials efficiently. Our Omgzlook devote themselves for years to develop the Databricks Databricks-Certified-Professional-Data-Engineer exam software to help more people who want to have a better development in IT field to pass Databricks Databricks-Certified-Professional-Data-Engineer exam. If you have any questions about the HP HPE0-G01 learning dumps, do not hesitate and ask us in your anytime, we are glad to answer your questions and help you use our HP HPE0-G01 study questions well. If you purchase our Amazon AI1-C01 training dumps you can spend your time on more significative work. You can rest assured to buy the Oracle 1z0-1047-24 exam dumps from our company.
Updated: May 26, 2022