We think of providing the best services as our obligation. So we have patient colleagues offering help 24/7 and solve your problems about AA Free Download training materials all the way. We have considerate services as long as you need us. So what we can do is to help you not waste your efforts on the exam preparation. The Reliability and authority of AA Free Download exam software on our Omgzlook has been recognized by majority of our customers, which will be found when you download our free demo. If you would like to get the mock test before the real AA Free Download exam you can choose the software version, and if you want to study in anywhere at any time then our online APP version is your best choice since you can download it in any electronic devices.
Certified Public Accountant AA It costs both time and money.
So AA - Audit & Insurance Free Download practice materials come within the scope of our business activities. You can totally rely on us! We never concoct any praise but show our capacity by the efficiency and profession of our AA Online Bootcamps practice materials.
AA Free Download study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. Many students suspect that if AA Free Download learning material is really so magical? Does it really take only 20-30 hours to pass such a difficult certification exam successfully? It is no exaggeration to say that you will be able to successfully pass the exam with our AA Free Download exam questions.
CPA AA Free Download - Your life will be even more exciting.
Once the user has used our AA Free Download test prep for a mock exercise, the product's system automatically remembers and analyzes all the user's actual operations. The user must complete the test within the time specified by the simulation system, and there is a timer on the right side of the screen, as long as the user begins the practice of AA Free Download quiz guide, the timer will run automatic and start counting. If the user does not complete the mock test question in a specified time, the practice of all AA Free Download valid practice questions previously done by the user will automatically uploaded to our database. The system will then generate a report based on the user's completion results, and a report can clearly understand what the user is good at. Finally, the transfer can be based on the AA Free Download valid practice questions report to develop a learning plan that meets your requirements. With constant practice, users will find that feedback reports are getting better, because users spend enough time on our AA Free Download test prep.
The price of our AA Free Download learning guide is among the range which you can afford and after you use our AA Free Download study materials you will certainly feel that the value of the AA Free Download exam questions far exceed the amount of the money you pay for the pass rate of our practice quiz is 98% to 100% which is unmarched in the market. Choosing our AA Free Download study guide equals choosing the success and the perfect service.
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 online service staff is professionally trained, and users' needs about ISQI CTAL-TTA_Syll19_4.0 test guide can be clearly understood by them. We can promise that we will provide you with quality products, reasonable price and professional after sale service on our Microsoft PL-300 learning guide. Huawei H19-308_V4.0 - What is the measure of competence? Of course, most companies will judge your level according to the number of qualifications you have obtained. Genesys GCX-SCR - The most advantage of the online version is that this version can support all electronica equipment. Now getting an international Salesforce CRM-Analytics-and-Einstein-Discovery-Consultant certificate has become a trend.
Updated: May 26, 2022