Our exam materials can installation and download set no limits for the amount of the computers and persons. We guarantee you that the AA Exam Questions study materials we provide to you are useful and can help you pass the test. Once you buy the product you can use the convenient method to learn the AA Exam Questions exam torrent at any time and place. If you try to free download the demos on the website, and you will be amazed by our excellent AA Exam Questions preparation engine. We can absolutely guarantee that even if the first time to take the exam, candidates can pass smoothly. We believe that our products will help you successfully pass your exam and hope you will like our product.
Certified Public Accountant AA Never stop challenging your limitations.
AA - Audit & Insurance Exam Questions exam questions promise that if you fail to pass the exam successfully after purchasing our product, we are willing to provide you with a 100% full refund. It is time for you to plan your life carefully. After all, you have to make money by yourself.
We will send our AA Exam Questions exam question in 5-10 minutes after their payment. Because the most clients may be busy in their jobs or other significant things, the time they can spare to learn our AA Exam Questions learning guide is limited and little. But if the clients buy our AA Exam Questions training quiz they can immediately use our product and save their time.
CPA AA Exam Questions - You may try it!
Everyone has a utopian dream in own heart. Dreams of imaginary make people feel disheartened. In fact, as long as you take the right approach, everything is possible. You can pass the CPA AA Exam Questions exam easily. Why? Because you have Omgzlook's CPA AA Exam Questions exam training materials. Omgzlook's CPA AA Exam Questions exam training materials are the best training materials for IT certification. It is famous for the most comprehensive and updated by the highest rate. It also can save time and effort. With it, you will pass the exam easily. If you pass the exam, you will have the self-confidence, with the confidence you will succeed.
Our product is of high quality and the passing rate and the hit rate are both high. Nowadays the requirements for jobs are higher than any time in the past.
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
Even if you spend a small amount of time to prepare for AACN CCRN-Adult certification, you can also pass the exam successfully with the help of Omgzlook CPA AACN CCRN-Adult braindump. Microsoft AZ-104-KR practice materials are typically seen as the tools of reviving, practicing and remembering necessary exam questions for the exam, spending much time on them you may improve the chance of winning. CPA SAP C_TS4CO_2023 certificate will bring you many good helps and also help you get promoted. SAP C_SIGPM_2403 - So sales and customer satisfaction improved dramatically. Once you purchased our Amazon SOA-C02-KR exam dump, we will try our best to help you pass Amazon SOA-C02-KR exam.
Updated: May 26, 2022