Also, we will offer good service to add you choose the most suitable AA Practice Materials practice braindumps since we have three different versions of every exam product. And you can free download the demos of the AA Practice Materials learning quiz. Usually, the questions of the real exam are almost the same with our AA Practice Materials exam questions. Our customers can easily access and download the AA Practice Materials dumps pdf on many electronic devices including computer, laptop and Mac. Online test engine enjoys great reputation among IT workers because it brings you to the atmosphere of AA Practice Materials real exam and remarks your mistakes. How do you stand out? Obtaining AA Practice Materials certification is a very good choice.
Certified Public Accountant AA We strongly advise you to have a brave attempt.
It can be said that AA - Audit & Insurance Practice Materials test guide is the key to help you open your dream door. Now, our Reliable AA Test Dumps.Zip training materials will help you master the popular skills in the office. With our Reliable AA Test Dumps.Zip exam braindumps, you can not only learn the specialized knowledge of this subject to solve the problems on the work, but also you can get the Reliable AA Test Dumps.Zip certification to compete for a higher position.
And the quality of our exam dumps are very high! The procedures of buying our AA Practice Materials study materials are simple and save the clients’ time. We will send our AA Practice Materials exam question in 5-10 minutes after their payment.
CPA AA Practice Materials - 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 Practice Materials exam easily. Why? Because you have Omgzlook's CPA AA Practice Materials exam training materials. Omgzlook's CPA AA Practice Materials 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.
Passing AA Practice Materials exam can help you find the ideal job. If you buy our AA Practice Materials test prep you will pass the exam easily and successfully,and you will realize you dream to find an ideal job and earn a high income.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
Although you are busy working and you have not time to prepare for the exam, you want to get CPA Amazon DOP-C02 certificate. However, our Huawei H12-621_V1.0 training materials can offer better condition than traditional practice materials and can be used effectively. CPA SAP C_S4PPM_2021 certificate will bring you many good helps and also help you get promoted. All precise information on the SAP C_THR95_2405 exam questions and high accurate questions are helpful. Once you purchased our Adobe AD0-E328 exam dump, we will try our best to help you pass Adobe AD0-E328 exam.
Updated: May 26, 2022