All exam materials in AA Test Book learning materials contain PDF, APP, and PC formats. They have the same questions and answers but with different using methods. If you like to take notes randomly according to your own habits while studying, we recommend that you use the PDF format of our AA Test Book study guide. Downloading the AA Test Book free demo doesn't cost you anything and you will learn about the pattern of our practice exam and the accuracy of our AA Test Book test answers. We constantly check the updating of AA Test Book vce pdf to follow the current exam requirement and you will be allowed to free update your pdf files one-year. We often ask, what is the purpose of learning? Why should we study? Why did you study for AA Test Bookexam so long? As many people think that, even if one day we forget the formula for the area of a triangle, we can still live very well, but if it were not for the knowledge of learning AA Test Book exam and try to obtain certification, how can we have the opportunity to good to future life? So, the examination is necessary, only to get the test AA Test Book certification, get a certificate, to prove better us, to pave the way for our future life.
Certified Public Accountant AA God will help those who help themselves.
Certified Public Accountant AA Test Book - Audit & Insurance Hence not only you get the required knowledge but also find the opportunity to practice real exam scenario. Maybe your life will be changed a lot after learning our AA New Dumps Questions training questions. And a brighter future is waiting for you.
Discount is being provided to the customer for the entire CPA AA Test Book preparation suite. These AA Test Book learning materials include the AA Test Book preparation software & PDF files containing sample Interconnecting CPA AA Test Book and answers along with the free 90 days updates and support services. We are facilitating the customers for the CPA AA Test Book preparation with the advanced preparatory tools.
CPA AA Test Book - They bravely undertake the duties.
Our AA Test Book study materials have a professional attitude at the very beginning of its creation. The series of AA Test Book measures we have taken is also to allow you to have the most professional products and the most professional services. I believe that in addition to our AA Test Book exam questions, you have also used a variety of products. We believe if you compare our AA Test Book training guide with the others, you will choose ours at once.
As we know, our products can be recognized as the most helpful and the greatest AA Test Book study engine across the globe. Even though you are happy to hear this good news, you may think our price is higher than others.
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
Dell D-PDPS4400-A-01 - For the convenience of users, our Audit & Insurance learn materials will be timely updated information associated with the qualification of the home page, so users can reduce the time they spend on the Internet, blindly to find information. Welcome your purchase for our Qlik QSDA2024 exam torrent. At the same time, as long as the user ensures that the network is stable when using our Splunk SPLK-1005 training materials, all the operations of the learning material of can be applied perfectly. Microsoft MS-700 - We can ensure you a pass rate as high as 99%! What you can get from the VMware 3V0-61.24 certification? Of course, you can get a lot of opportunities to enter to the bigger companies.
Updated: May 26, 2022