It means you can try our demo and you do not need to spend any money. According to the survey of our company, we have known that a lot of people hope to try the AA Exam Quick Prep test training materials from our company before they buy the study materials, because if they do not have a try about our study materials, they cannot sure whether the study materials from our company is suitable for them to prepare for the exam or not. So a lot of people long to know the AA Exam Quick Prep study questions in detail. In this case, we need a professional AA Exam Quick Prep certification, which will help us stand out of the crowd and knock out the door of great company. In the era of informational globalization, the world has witnessed climax of science and technology development, and has enjoyed the prosperity of various scientific blooms. There are a lot of experts and professors in the field in our company.
Certified Public Accountant AA You can consult our staff online.
Certified Public Accountant AA Exam Quick Prep - Audit & Insurance The most interesting thing about the learning platform is not the number of questions, not the price, but the accurate analysis of each year's exam questions. Providing various and efficient Latest AA Exam Guide Materials exam preparation with reasonable prices and discounts, satisfy your need with considerate after-sales services and we give back all your refund entirely once you fail the Latest AA Exam Guide Materials test unluckily. All those features roll into one.
Highlight a person's learning effect is not enough, because it is difficult to grasp the difficulty of testing, a person cannot be effective information feedback, in order to solve this problem, our AA Exam Quick Prep real exam materials provide a powerful platform for users, allow users to exchange of experience. Here, the all users of our AA Exam Quick Prep learning reference files can through own id to login to the platform, realize the exchange and sharing with other users, even on the platform and more users to become good friends, encourage each other, to deal with the difficulties encountered in the process of preparation each other. Our AA Exam Quick Prep learning reference files not only provide a single learning environment for users, but also create a learning atmosphere like home, where you can learn and communicate easily.
CPA AA Exam Quick Prep - Your exam results will help you prove this!
With the most scientific content and professional materials AA Exam Quick Prep preparation materials are indispensable helps for your success. Such a valuable acquisition priced reasonably of our AA Exam Quick Prep study guide is offered before your eyes, you can feel assured to take good advantage of. And we give some discounts from time to time on our AA Exam Quick Prep exam questions for promoting. If you come to visit our website more times, you will buy our AA Exam Quick Prep practice engine at a more favorable price.
So our product is a good choice for you. Choosing our AA Exam Quick Prep study tool can help you learn better.
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
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: 4
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: 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
Materials trends are not always easy to forecast on our study guide, but they have predictable pattern for them by ten-year experience who often accurately predict points of knowledge occurring in next Cisco 500-490 preparation materials. And they are trained specially and professionlly to know every detail about our SAP C-C4H620-34 learning prep. We have been always trying to make every effort to consolidate and keep a close relationship with customer by improving the quality of our APMG-International AgilePM-Foundation practice materials. Cisco 100-490 - High accuracy and high quality are the reasons why you should choose us. Let us take a try of our amazing Qlik QREP exam questions and know the advantages first!
Updated: May 26, 2022