For the PDF version of AA Exam Collection Pdf test question, you can print multiple times, practice multiple times, and repeatedly reinforce your unfamiliar knowledge. For the online version, unlike other materials that limit one person online, AA Exam Collection Pdf learning dumps does not limit the number of concurrent users and the number of online users. You can practice anytime, anywhere, practice repeatedly, practice with others, and even purchase together with othersAA Exam Collection Pdf learning dumps make every effort to help you save money and effort, so that you can pass the exam with the least cost. The latest training materials are tested by IT experts and certified trainers who studied AA Exam Collection Pdf exam questions for many years. The high quality of our vce braindumps are the guarantee of high passing score. So stop idling away your precious time and begin your review with the help of our AA Exam Collection Pdf learning quiz as soon as possible, and you will pass the exam in the least time.
Certified Public Accountant AA Then join our preparation kit.
AA - Audit & Insurance Exam Collection Pdf exam materials provide you the best learning prospects, by employing minimum exertions through the results are satisfyingly surprising, beyond your expectations. What most useful is that PDF format of our AA Valid Test Book exam materials can be printed easily, you can learn it everywhere and every time you like. It is really convenient for candidates who are busy to prepare the exam.
If you are really intended to pass and become CPA AA Exam Collection Pdf exam certified then enrolled in our preparation program today and avail the intelligently designed actual questions. Omgzlook is the best platform, which offers braindumps for AA Exam Collection Pdf Certification exam duly prepared by experts. Our AA Exam Collection Pdf exam material is good to AA Exam Collection Pdf pass exam in a week.
CPA AA Exam Collection Pdf - Omgzlook is worthy your trust.
We are willing to provide all people with the demo of our AA Exam Collection Pdf study tool for free. If you have any doubt about our products that will bring a lot of benefits for you. The trial demo of our AA Exam Collection Pdf question torrent must be a good choice for you. By the trial demo provided by our company, you will have the opportunity to closely contact with our AA Exam Collection Pdf exam torrent, and it will be possible for you to have a view of our products. More importantly, we provide all people with the trial demo for free before you buy our AA Exam Collection Pdf exam torrent and it means that you have the chance to download from our web page for free; you do not need to spend any money.
AA Exam Collection Pdf exam seems just a small exam, but to get the AA Exam Collection Pdf certification exam is to be reckoned in your career. Such an international certification is recognition of your IT skills.
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
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: 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
SAP C_THR82_2405 - Because many users are first taking part in the exams, so for the exam and test time distribution of the above lack certain experience, and thus prone to the confusion in the examination place, time to grasp, eventually led to not finish the exam totally. Our CPA SASInstitute A00-415 study material offers you high-quality training material and helps you have a good knowledge of the SASInstitute A00-415 actual test. After you pass the NAHQ CPHQ test you will enjoy the benefits the certificate brings to you such as you will be promoted by your boss in a short time and your wage will surpass your colleagues. SAP C-LIXEA-2404 - We get first-hand information; 2. Our SAP P_SAPEA_2023 exam questions can help you compensate for the mistakes you have made in the past.
Updated: May 26, 2022