Then you can pay for it and download it right away. You can choose one of version of our AA Test Sims study guide as you like.There are three versions of our AA Test Sims exam dumps. All of the content are the absolute same, just in different ways to use. We sincerely recommend our AA Test Sims preparation exam for our years’ dedication and quality assurance will give you a helping hand on the AA Test Sims exam. There are so many advantages of our AA Test Sims study materials you should spare some time to get to know. It is apparent that a majority of people who are preparing for the AA Test Sims exam would unavoidably feel nervous as the exam approaching, If you are still worried about the coming exam, since you have clicked into this website, you can just take it easy now, I can assure you that our company will present the antidote for you--our AA Test Sims learning materials.
Certified Public Accountant AA It is very easy and convenient to use and find.
As the employment situation becoming more and more rigorous, it’s necessary for people to acquire more AA - Audit & Insurance Test Sims skills and knowledge when they are looking for a job. Our experts are constantly looking for creative way to immortalize our AA Reliable Exam Prep actual exam in this line. Their masterpieces are instrumental to offer help and improve your performance in the real exam.
There is an old saying goes, good memory is inferior to sodden ability to write, so we believe that it is a highly productive way for you to memory the knowledge point and review the reference books more effectively. Besides our AA Test Sims exam torrent support free demo download, as we mentioned before, it is an ideal way for you to be fully aware of our AA Test Sims prep guide and then purchasing them if suitable and satisfactory. There is no doubt that among our three different versions of AA Test Sims guide torrent, the most prevalent one is PDF version, and this is particularly suitable and welcomed by youngsters.
Come to study our CPA AA Test Sims learning materials.
If you buy the Software or the APP online version of our AA Test Sims study materials, you will find that the timer can aid you control the time. Once it is time to submit your exercises, the system of the AA Test Sims preparation exam will automatically finish your operation. After a several time, you will get used to finish your test on time. If you are satisfied with our AA Test Sims training guide, come to choose and purchase.
We have free demos on the website for our customers to download if you still doubt our products, and you can check whether it is the right one for you before purchase as well. Our AA Test Sims exam materials are famous among candidates.
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
We sincerely hope that you can pay more attention to our Salesforce Salesforce-Hyperautomation-Specialist study questions. IBM C1000-162 - We are happy to tell you that The Audit & Insurance exam questions from our company will help you save time. Microsoft MB-820 - To avoid being washed out by the artificial intelligence, we must keep absorbing various new knowledge. IBM C1000-127 - Everything that appears in our products has been inspected by experts. Also, your payment information of the SAP P_BTPA_2408 study materials will be secret.
Updated: May 26, 2022