With the cumulative effort over the past years, our AA Exam Questions Fee study guide has made great progress with passing rate up to 98 to 100 percent among the market. A lot of professional experts concentrate to making our AA Exam Questions Feepreparation materials by compiling the content so they have gained reputation in the market for their proficiency and dedication. About some esoteric points, they illustrate with examples for you on the AA Exam Questions Fee exam braindumps. Omgzlook will provide you the easiest and quickest way to get the AA Exam Questions Fee certification without headache. We will offer the update service for one year. Our AA Exam Questions Fee exam quiz will help you to deal with all the difficulties you have encountered in the learning process and make you walk more easily and happily on the road of studying.
Certified Public Accountant AA But you don't have to worry about our products.
Actually, just think of our AA - Audit & Insurance Exam Questions Fee test prep as the best way to pass the exam is myopic. The inevitable trend is that knowledge is becoming worthy, and it explains why good AA Exam Bible resources, services and data worth a good price. We always put our customers in the first place.
Our AA Exam Questions Fee 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 Exam Questions Fee exam scores very quickly. Even if you have a week foundation, I believe that you will get the certification by using our AA Exam Questions Fee study materials. We can claim that with our AA Exam Questions Fee practice engine for 20 to 30 hours, you will be ready to pass the exam with confidence.
You will never worry about the CPA AA Exam Questions Fee exam.
To cope with the fast growing market, we will always keep advancing and offer our clients the most refined technical expertise and excellent services about our AA Exam Questions Fee exam questions. In the meantime, all your legal rights will be guaranteed after buying our AA Exam Questions Fee study materials. For many years, we have always put our customers in top priority. Not only we offer the best AA Exam Questions Fee training prep, but also our sincere and considerate attitude is praised by numerous of our customers.
Our company committed all versions of AA Exam Questions Fee practice materials attached with free update service. When AA Exam Questions Fee exam preparation has new updates, the customer services staff will send you the latest version.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 5
When performing risk assessment procedures and related activities to obtain an understanding of the entity and its environment, including the entity's internal control, required by ISA 315, the auditor shall perform certain procedures to obtain information for use in identifying the risks of material misstatement due to fraud.
Which of the following is not a part of an entity's risk assessment process?
A. Identify relevant business risks
B. Assess the likelihood of occurrence
C. Decide upon actions to manage the risks
D. Report the process to the auditors
Answer: D
You will come across almost all similar questions in the real CWNP CWT-101 exam. So prepared to be amazed by our CompTIA PT0-002 learning guide! HP HP2-I72 - So do not hesitate and hurry to buy our study materials. By analyzing the syllabus and new trend, our ISC SSCP practice engine is totally in line with this exam for your reference. Our SAP C-ARSUM-2404 exam materials will remove your from the bad condition.
Updated: May 26, 2022