We think of providing the best services as our obligation. So we have patient colleagues offering help 24/7 and solve your problems about AA Test Guide training materials all the way. We have considerate services as long as you need us. So what we can do is to help you not waste your efforts on the exam preparation. The Reliability and authority of AA Test Guide exam software on our Omgzlook has been recognized by majority of our customers, which will be found when you download our free demo. If you would like to get the mock test before the real AA Test Guide exam you can choose the software version, and if you want to study in anywhere at any time then our online APP version is your best choice since you can download it in any electronic devices.
It is possible for you to easily pass AA Test Guide exam.
our AA - Audit & Insurance Test Guide exam guide has not equivocal content that may confuse exam candidates. There are more and more people to participate in Latest AA Test Syllabus certification exam, and how to win in the increasingly competitive situation? To chose the right hand is the key. Our Omgzlook team has studies the Latest AA Test Syllabus certification exam for years so that we have in-depth knowledge of the test.
It is known to us that to pass the AA Test Guide exam is very important for many people, especially who are looking for a good job and wants to have a AA Test Guide certification. Because if you can get a certification, it will be help you a lot, for instance, it will help you get a more job and a better title in your company than before, and the AA Test Guide certification will help you get a higher salary. We believe that our company has the ability to help you successfully pass your exam and get a AA Test Guide certification by our AA Test Guide exam torrent.
CPA AA Test Guide - It costs both time and money.
Having been handling in this line for more than ten years, we can assure you that our AA Test Guide study questions are of best quality and reasonable prices for your information. We offer free demos of the latest version covering all details of our AA Test Guide exam braindumps available at present as representatives. So AA Test Guide practice materials come within the scope of our business activities. Choose our AA Test Guide learning guide, you won't regret!
You can totally rely on us! We never concoct any praise but show our capacity by the efficiency and profession of our AA Test Guide practice materials.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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: 4
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: 5
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
Cisco 700-240 study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. Scrum PSPO-II - Believe us and if you purchase our product it is very worthy. If you have any questions after you buy our CFA Institute ESG-Investing study guide, you can always get thoughtful support and help by email or online inquiry. Now I am going to introduce you the PDF version of SASInstitute A00-415 test braindumps which are very convenient. Cisco 700-805 - Therefore choosing a certificate exam which boosts great values to attend is extremely important for them and the test CPA certification is one of them.
Updated: May 26, 2022