To make sure your situation of passing the certificate efficiently, our AA Exam Preparation study materials are compiled by first-rank experts. So the proficiency of our team is unquestionable. They handpicked what the AA Exam Preparation training guide usually tested in exam recent years and devoted their knowledge accumulated into these AA Exam Preparation actual tests. Our AA Exam Preparation free demo is available for all of you. You will receive an email attached with the AA Exam Preparation training dumps within 5-10 minutes after completing purchase. First of all, our AA Exam Preparation study dumps cover all related tests about computers.
Certified Public Accountant AA But we have successfully done that.
If you do not have extraordinary wisdom, do not want to spend too much time on learning, but want to reach the pinnacle of life through AA - Audit & Insurance Exam Preparation exam, then you must have AA - Audit & Insurance Exam Preparation question torrent. When you are eager to pass the AA Valid Test Sims real exam and need the most professional and high quality practice material, we are willing to offer help. Our AA Valid Test Sims training prep has been on the top of the industry over 10 years with passing rate up to 98 to 100 percent.
Our AA Exam Preparation study materials are easy to be mastered and boost varied functions. We compile Our AA Exam Preparation preparation questions elaborately and provide the wonderful service to you thus you can get a good learning and preparation for the AA Exam Preparation exam. After you know the characteristics and functions of our AA Exam Preparation training materials in detail, you will definitely love our exam dumps and enjoy the wonderful study experience.
Our CPA AA Exam Preparation exam questions are often in short supply.
At this time, you will stand out in the interview among other candidates with the AA Exam Preparation certification. Constant improvement is significant to your career development. Your current achievements cannot represent your future success. Never stop advancing. Come to study our AA Exam Preparation learning materials. Stick to the end, victory is at hand. Action always speaks louder than words. With the help of our AA Exam Preparation study questions, you can reach your dream in the least time.
If you are satisfied with our AA Exam Preparation training guide, come to choose and purchase. If you buy the Software or the APP online version of our AA Exam Preparation study materials, you will find that the timer can aid you control the time.
AA PDF DEMO:
QUESTION NO: 1
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
QUESTION NO: 2
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: 3
When questions arise on the appropriateness of the going concern assumption made by management and the existence of material misstatements which was not adequately disclosed in the financial statements would lead to auditor's-
A. Qualified opinion
B. Unmodified opinion
C. Disclaimer of opinion
D. Unmodified opinion (but have to include an emphasis of matter paragraph in the auditor's report)
Answer: A
QUESTION NO: 4
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: 5
When performing risk assessment procedures and related activities to obtain an understanding of the entity and its environment, including the entity's internal control, required by ISA 315, the auditor shall perform certain procedures to obtain information for use in identifying the risks of material misstatement due to fraud.
Which of the following is not a part of an entity's risk assessment process?
A. Identify relevant business risks
B. Assess the likelihood of occurrence
C. Decide upon actions to manage the risks
D. Report the process to the auditors
Answer: D
SAP P-BTPA-2408 - We have free demos on the website for our customers to download if you still doubt our products, and you can check whether it is the right one for you before purchase as well. All experts and professors of our company have been trying their best to persist in innovate and developing the Huawei H19-315 test training materials all the time in order to provide the best products for all people and keep competitive in the global market. CheckPoint 156-587 - We are happy to tell you that The Audit & Insurance exam questions from our company will help you save time. EMC D-XTR-MN-A-24 - To avoid being washed out by the artificial intelligence, we must keep absorbing various new knowledge. Although a lot of products are cheap, but the quality is poor, perhaps users have the same concern for our latest IBM C1000-172 exam dump.
Updated: May 26, 2022