Our AA Questions Ppt exam materials give real exam environment with multiple learning tools that allow you to do a selective study and will help you to get the job that you are looking for. Moreover, we also provide 100% money back guarantee on our AA Questions Ppt exam materials, and you will be able to pass the AA Questions Ppt exam in short time without facing any troubles. By clearing different CPA exams, you can easily land your dream job. If you are interested in Omgzlook's training program about CPA certification AA Questions Ppt exam, you can first on Omgzlook to free download part of the exercises and answers about CPA certification AA Questions Ppt exam as a free try. We will provide one year free update service for those customers who choose Omgzlook's products. The AA Questions Ppt sample questions include all the files you need to prepare for the CPA AA Questions Ppt exam.
You will be completed ready for your AA Questions Ppt exam.
Certified Public Accountant AA Questions Ppt - Audit & Insurance We can help you to achieve your goals. Our company owns the most popular reputation in this field by providing not only the best ever New Examcollection AA study guide but also the most efficient customers’ servers. We can lead you the best and the fastest way to reach for the certification of New Examcollection AA exam dumps and achieve your desired higher salary by getting a more important position in the company.
Then go to buy Omgzlook's CPA AA Questions Ppt exam training materials, it will help you achieve your dreams. If you have a faith, then go to defend it. Gorky once said that faith is a great emotion, a creative force.
CPA AA Questions Ppt - There are no better dumps at the moment.
The AA Questions Ppt test materials are mainly through three learning modes, Pdf, Online and software respectively. Among them, the software model is designed for computer users, can let users through the use of Windows interface to open the AA Questions Ppt test prep of learning. It is convenient for the user to read. The AA Questions Ppt test materials have a biggest advantage that is different from some online learning platform which has using terminal number limitation, the AA Questions Ppt quiz torrent can meet the client to log in to learn more, at the same time, the user can be conducted on multiple computers online learning, greatly reducing the time, and people can use the machine online of AA Questions Ppt test prep more conveniently at the same time. As far as concerned, the online mode for mobile phone clients has the same function.
Are you still searching proper AA Questions Ppt exam study materials, or are you annoying of collecting these study materials? As the professional IT exam dumps provider, Omgzlook has offered the complete AA Questions Ppt exam materials for you. So you can save your time to have a full preparation of AA Questions Ppt exam.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
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: 5
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
We have been specializing Juniper JN0-460 exam dumps many years and have a great deal of long-term old clients, and we would like to be a reliable cooperator on your learning path and in your further development. We will not only spare no efforts to design Fortinet NSE6_WCS-7.0 exam materials, but also try our best to be better in all after-sale service. SAP C-ARSCC-2404 - All our behaviors are aiming squarely at improving your chance of success. In order to let you be rest assured to purchase our products, we offer a variety of versions of the samples of SAP C_TS410_2022 study materials for your trial. if you choose to use the software version of our Network Appliance NS0-700 study guide, you will find that you can download our Network Appliance NS0-700 exam prep on more than one computer and you can practice our Network Appliance NS0-700 exam questions offline as well.
Updated: May 26, 2022