What are you still hesitating for? Hurry to buy our AA Simulator Fee learning engine now! Briefly speaking, our AA Simulator Fee training guide gives priority to the quality and service and will bring the clients the brand new experiences and comfortable feelings. For we have engaged in this career for years and we are always trying our best to develope every detail of our AA Simulator Fee study quiz. Our AA Simulator Fee guide materials are high quality and high accuracy rate products. It is all about the superior concreteness and precision of the AA Simulator Fee exam questions that helps. In order to promise the high quality of our AA Simulator Fee exam questions, our company has outstanding technical staff, and has perfect service system after sale.
Certified Public Accountant AA As long as the road is right, success is near.
We can make sure that all employees in our company have wide experience and advanced technologies in designing the AA - Audit & Insurance Simulator Fee study dump. Using New Test Camp AA File real questions will not only help you clear exam with less time and money but also bring you a bright future. We are looking forward to your join.
Our AA Simulator Fee 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 Simulator Fee 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 Simulator Fee exam questions.
CPA AA Simulator Fee - So, act now!
In today’s society, many enterprises require their employees to have a professional AA Simulator Fee certification. It is true that related skills serve as common tools frequently used all over the world, so we can realize that how important an AA Simulator Fee certification is, also understand the importance of having a good knowledge of it. Passing the AA Simulator Fee exam means you might get the chance of higher salary, greater social state and satisfying promotion chance. Once your professional AA Simulator Fee ability is acknowledged by authority, you master the rapidly developing information technology. With so many advantages, why don’t you choose our reliable AA Simulator Fee actual exam guide, for broader future and better life?
We know the certificate of AA Simulator Fee exam guide is useful and your prospective employer wants to see that you can do the job with strong prove, so our AA Simulator Fee study materials could be your opportunity. Our AA Simulator Fee practice dumps are sensational from the time they are published for the importance of AA Simulator Fee exam as well as the efficiency of our AA Simulator Fee training engine.
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 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: 3
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: 4
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: 5
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
In order to live a better live, people improve themselves by furthering their study, as well as increase their professional Dell D-PDPS-A-01 skills. By practicing our Cisco 300-540 exam braindumps, you will get the most coveted certificate smoothly. We assume all the responsibilities that our Avaya 71402X practice braindumps may bring. The language in our EMC D-XTR-OE-A-24 test guide is easy to understand that will make any learner without any learning disabilities, whether you are a student or a in-service staff, whether you are a novice or an experienced staff who has abundant experience for many years. Our EMC D-PEMX-DY-23 actual exam comprise of a number of academic questions for your practice, which are interlinked and helpful for your exam.
Updated: May 26, 2022