Because it contains all the questions of CPA AA Free Download examination. With Omgzlook, you could throw yourself into the exam preparation completely. With high quality training materials by Omgzlook provided, you will certainly pass the exam. The rate of return will be very obvious for you. We sincerely reassure all people on the AA Free Download test question from our company and enjoy the benefits that our study materials bring. Then you no longer need to worry about being fired by your boss.
Certified Public Accountant AA You can really try it we will never let you down!
As we all know the passing rate for IT exams is low, the wise choice for candidates will select valid AA - Audit & Insurance Free Download test braindump materials to make you pass exam surely and fast. Then you can start learning our AA Latest Exam Guide exam questions in preparation for the exam. After years of hard work, our AA Latest Exam Guide guide training can take the leading position in the market.
The intelligence of the AA Free Download test engine has inspired the enthusiastic for the study. In order to save your time and energy, you can install AA Free Download test engine on your phone or i-pad, so that you can study in your spare time. You will get a good score with high efficiency with the help of AA Free Download practice training tools.
CPA AA Free Download - Only firm people will reach the other side.
Victory won't come to me unless I go to it. It is time to start to clear exam and obtain an IT certification to improve your competitor from our CPA AA Free Download training PDF if you don't want to be discarded by epoch. Many IT workers have a nice improve after they get a useful certification. If you are willing, our AA Free Download training PDF can give you a good beginning. No need to doubt and worry, thousands of candidates choose our exam training materials, you shouldn't miss this high pass-rate AA Free Download training PDF materials.
Our effort in building the content of our AA Free Download learning questions lead to the development of learning guide and strengthen their perfection. Our AA Free Download practice braindumps beckon exam candidates around the world with our attractive characters.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 5
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
All Google Professional-Data-Engineer test questions offered by us are tested and selected by our senior experts in IT filed, which only need little time to focus on the practice and the preparation. The high quality product like our Microsoft MD-102 study quiz has no need to advertise everywhere, and exerts influential effects which are obvious and everlasting during your preparation. Now, quickly download ServiceNow CIS-CSM free demo for try. You will find the exam is a piece of cake with the help of our Microsoft MB-820 study materials. SAP C-BW4H-2404 questions & answers cover all the key points of the real test.
Updated: May 26, 2022