With three versions of products, our AA Exam Torrent learning questions can satisfy different taste and preference of customers with different use: PDF & Software & APP versions. Without ambiguous points of questions make you confused, our AA Exam Torrent practice materials can convey the essence of the content suitable for your exam. With our AA Exam Torrent exam guide, you will achieve what you are expecting with ease. Our AA Exam Torrent learning quiz can relieve you of the issue within limited time. Our website provides excellent AA Exam Torrent learning guidance, practical questions and answers, and questions for your choice which are your real strength. The AA Exam Torrent test torrent also offer a variety of learning modes for users to choose from, which can be used for multiple clients of computers and mobile phones to study online, as well as to print and print data for offline consolidation.
Our AA Exam Torrent exam questions are often in short supply.
Certified Public Accountant AA Exam Torrent - Audit & Insurance Action always speaks louder than words. If you are satisfied with our New AA Exam Cram Pdf training guide, come to choose and purchase. If you buy the Software or the APP online version of our New AA Exam Cram Pdf study materials, you will find that the timer can aid you control the time.
As you know, it is troublesome to get the AA Exam Torrentcertificate. Now, you are fortunate enough to come across our AA Exam Torrent exam guide. 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.
CPA AA Exam Torrent - Life is full of ups and downs.
Although a lot of products are cheap, but the quality is poor, perhaps users have the same concern for our latest AA Exam Torrent exam dump. Here, we solemnly promise to users that our product error rate is zero. Everything that appears in our products has been inspected by experts. In our AA Exam Torrent practice materials, users will not even find a small error, such as spelling errors or grammatical errors. It is believed that no one is willing to buy defective products, so, the AA Exam Torrent study guide has established a strict quality control system. The entire compilation and review process for latest AA Exam Torrent exam dump has its own set of normative systems, and the AA Exam Torrent practice materials have a professional proofreader to check all content. Only through our careful inspection, the study material can be uploaded to our platform. So, please believe us, 0 error rate is our commitment.
Our payment system will automatically delete your payment information once you finish paying money for our AA Exam Torrent exam questions. Our company has built the culture of integrity from our establishment.
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
In general, users can only wait about 5-10 minutes to receive our SailPoint IdentityIQ-Engineer learning material, and if there are any problems with the reception, users may contact our staff at any time. Based on the statistics, prepare the exams under the guidance of our SASInstitute A00-282 practice materials, the user's pass rate is up to 98% to 100%, And they only need to practice latest SASInstitute A00-282 exam dump to hours. Cisco 300-415 - In the current market, there are too many products of the same type. SASInstitute A00-282 - According to different audience groups, our products for the examination of the teaching content of a careful division, so that every user can find a suitable degree of learning materials. Adobe AD0-E906 - We can confidently say that our products are leading in the products of the same industry.
Updated: May 26, 2022