The AA Test Pass4Sure exam dumps cover every topic of the actual CPA certification exam. The AA Test Pass4Sure exam questions are divided into various groups and the candidate can solve these questions to test his skills and knowledge. The crucial thing when it comes to appearing a competitive exam like AA Test Pass4Sure knowing your problem-solving skills. You do not need to look around for the latest CPA AA Test Pass4Sure training materials, because you have to find the best CPA AA Test Pass4Sure training materials. Rest assured that our questions and answers, you will be completely ready for the CPA AA Test Pass4Sure certification exam. With all these products, your success is assured with 100% money back guarantee.
Certified Public Accountant AA We have benefited a lot from those changes.
You can choose Omgzlook's CPA AA - Audit & Insurance Test Pass4Sure exam training materials. In our software version of the AA Test Objectives exam dumps, the unique point is that you can take part in the practice test before the real AA Test Objectives exam. You never know what you can get till you try.
But it does not matter, because I purchased Omgzlook's CPA AA Test Pass4Sure exam training materials. With it, I can pass the CPA AA Test Pass4Sure exam easily. Road is under our feet, only you can decide its direction.
CPA AA Test Pass4Sure - Many customers may be doubtful about our price.
Our AA Test Pass4Sure preparation practice are highly targeted and have a high hit rate, there are a lot of learning skills and key points in the exam, even if your study time is very short, you can also improve your AA Test Pass4Sure exam scores very quickly. Even if you have a week foundation, I believe that you will get the certification by using our AA Test Pass4Sure study materials. We can claim that with our AA Test Pass4Sure practice engine for 20 to 30 hours, you will be ready to pass the exam with confidence.
Our exam questions just need students to spend 20 to 30 hours practicing on the platform which provides simulation problems, can let them have the confidence to pass the AA Test Pass4Sure exam, so little time great convenience for some workers. It must be your best tool to pass your exam and achieve your target.
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
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
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 350-601 - All in all, abandon all illusions and face up to reality bravely. Lpi 303-300 - As we enter into such a competitive world, the hardest part of standing out from the crowd is that your skills are recognized then you will fit into the large and diverse workforce. In the meantime, all your legal rights will be guaranteed after buying our Juniper JN0-223 study materials. So we never stop the pace of offering the best services and EMC D-CSF-SC-23 practice materials for you. Even the Cisco 820-605 test syllabus is changing every year; our experts still have the ability to master the tendency of the important knowledge as they have been doing research in this career for years.
Updated: May 26, 2022