The client can decide which AA Questions Free version to choose according their hobbies and their practical conditions. You will be surprised by the convenient functions of our AA Questions Free exam dumps. Our AA Questions Free training materials provide 3 versions to the client and they include the PDF version, PC version, APP online version. So our customers can pass the exam with ease. There are more opportunities for possessing with a certification, and our AA Questions Free study tool is the greatest resource to get a leg up on your competition, and stage yourself for promotion. Our APP online version of AA Questions Free exam questions has the advantage of supporting all electronic equipment.
Certified Public Accountant AA Please follow your heart.
Certified Public Accountant AA Questions Free - Audit & Insurance Remember this version support Windows system users only. Your convenience and demands also deserve our deep consideration. At the same time, your property rights never expire once you have paid for money.
Get the test AA Questions Free certification is not achieved overnight, we need to invest a lot of time and energy to review, and the review process is less a week or two, more than a month or two, or even half a year, so AA Questions Free exam questions are one of the biggest advantage is that it is the most effective tools for saving time for users. Users do not need to spend too much time on AA Questions Free questions torrent, only need to use their time pieces for efficient learning, the cost is about 20 to 30 hours, users can easily master the test key and difficulties of questions and answers of AA Questions Free prep guide, and in such a short time acquisition of accurate examination skills, better answer out of step, so as to realize high pass the qualification test, has obtained the corresponding qualification certificate.
CPA AA Questions Free - Also, the system will deduct the relevant money.
We all know that AA Questions Free learning guide can help us solve learning problems. But if it is too complex, not only can’t we get good results, but also the burden of students' learning process will increase largely. Unlike those complex and esoteric materials, our AA Questions Free preparation prep is not only of high quality, but also easy to learn. For our professional experts simplified the content of theAA Questions Free exam questions for all our customers to be understood.
In order to remain competitive in the market, our company has been keeping researching and developing of the new AA Questions Free exam questions. We are focused on offering the most comprehensive AA Questions Free study materials which cover all official tests.
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
Some candidates may like to accept the help of their friends or mentors, and some candidates may only rely on some Cisco 300-540 books. If you can obtain the job qualification IIA IIA-CIA-Part3-CN certificate, which shows you have acquired many skills. In preparing the ACAMS CAMS qualification examination, the ACAMS CAMS study materials will provide users with the most important practice materials. In a word, you need not to spend time on adjusting the PDF version of the Amazon DOP-C02 exam questions. Huawei H19-402_V1.0 - Believe that there is such a powerful expert help, our users will be able to successfully pass the qualification test to obtain the qualification certificate.
Updated: May 26, 2022