Our AA Mock Exam study materials can have such a high pass rate, and it is the result of step by step that all members uphold the concept of customer first. If you use a trial version of AA Mock Exam training prep, you can find that our study materials have such a high passing rate and so many users support it. After using the trial version, we believe that you will be willing to choose AA Mock Exam exam questions. We are confident about our CPA AA Mock Exam braindumps tested by our certified experts who have great reputation in IT certification. These AA Mock Exam exam pdf offers you a chance to get high passing score in formal test and help you closer to your success. In the process of development, it also constantly considers the different needs of users.
Certified Public Accountant AA Perhaps this is the beginning of your change.
Our Software version of AA - Audit & Insurance Mock Exam study materials will be your best assistant. Therefore, modern society is more and more pursuing efficient life, and our AA Latest Test Cram Sheet File exam materials are the product of this era, which conforms to the development trend of the whole era. It seems that we have been in a state of study and examination since we can remember, and we have experienced countless tests, including the qualification examinations we now face.
Our online resources and events enable you to focus on learning just what you want on your timeframe. You get access to every AA Mock Exam exams files and there continuously update our AA Mock Exam study materials; these exam updates are supplied free of charge to our valued customers. Get the best AA Mock Exam exam Training; as you study from our exam-files.
Our CPA AA Mock Exam learning guide will be your best choice.
To learn more about our AA Mock Exam exam braindumps, feel free to check our CPA Exam and Certifications pages. You can browse through our AA Mock Exam certification test preparation materials that introduce real exam scenarios to build your confidence further. Choose from an extensive collection of products that suits every AA Mock Exam certification aspirant. You can also see for yourself how effective our methods are, by trying our free demo. So why choose other products that can’t assure your success? With Omgzlook, you are guaranteed to pass AA Mock Exam certification on your very first try.
After your payment, we will send the updated AA Mock Exam exam to you immediately and if you have any question about updating, please leave us a message. In accordance with the actual exam, we provide the latest AA Mock Exam exam dumps for your practices.
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
Some useless products may bring about an adverse effect, so choose our Splunk SPLK-5001 practice engine is 100 percent secure for their profession and usefulness and also our considerate after-sales services. Fortinet NSE6_FNC-7.2 - We offer the most considerate after-sales services for you 24/7 with the help of patient staff and employees. If you do not have access to internet most of the time, if you need to go somewhere is in an offline state, but you want to learn for your Dell D-ISAZ-A-01 exam. In today’s society, many enterprises require their employees to have a professional CIW 1D0-724 certification. Google Professional-Data-Engineer - And we can help you get success and satisfy your eager for the certificate.
Updated: May 26, 2022