Everyone has their own life planning. Different selects will have different acquisition. So the choice is important. We have clear data collected from customers who chose our AA Test Pdf practice braindumps, and the passing rate is 98-100 percent. So your chance of getting success will be increased greatly by our AA Test Pdf study questions. Start your new journey, and have a successful life.
You cannot blindly prepare for AA Test Pdf exam.
And it is quite easy to free download the demos of the AA - Audit & Insurance Test Pdf training guide, you can just click on the demos and input your email than you can download them in a second. Valid AA Test Forum answers real questions can help candidates have correct directions and prevent useless effort. If you still lack of confidence in preparing your exam, choosing a good Valid AA Test Forum answers real questions will be a wise decision for you, it is also an economical method which is saving time, money and energy.
They have been engaged in research on the development of the industry for many years, and have a keen sense of smell for changes in the examination direction. Experts hired by AA Test Pdf exam questions not only conducted in-depth research on the prediction of test questions, but also made great breakthroughs in learning methods. With AA Test Pdf training materials, you can easily memorize all important points of knowledge without rigid endorsements.
CPA AA Test Pdf - So stop hesitation and buy our study materials.
Preparing for the AA Test Pdf real exam is easier if you can select the right test questions and be sure of the answers. The AA Test Pdf test answers are tested and approved by our certified experts and you can check the accuracy of our questions from our free demo. Expert for one-year free updating of AA Test Pdf dumps pdf, we promise you full refund if you failed exam with our dumps.
So you just need to memorize our correct questions and answers of the AA Test Pdf study materials. You absolutely can pass the 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
Our customers can easily access and download the AACE International CCP dumps pdf on many electronic devices including computer, laptop and Mac. How do you stand out? Obtaining Microsoft AZ-400 certification is a very good choice. Our HP HPE2-N71 exam review contains the latest test questions and accurate answers along with the professional explanations. Let me tell the advandages of using the Huawei H19-319_V2.0 practice engine. Our experts check the updating of Microsoft DP-600 free demo to ensure the accuracy of our dumps and create the pass guide based on the latest information.
Updated: May 26, 2022