Such a valuable acquisition priced reasonably of our AA Exam Sample Questions 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 Sample Questions exam questions for promoting. If you come to visit our website more times, you will buy our AA Exam Sample Questions practice engine at a more favorable price. 99% of people who use our learning materials have passed the exam and successfully passed their certificates, which undoubtedly show that the passing rate of our AA Exam Sample Questions test torrent is 99%. If you fail the exam, we promise to give you a full refund in the shortest possible time. 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 AA Exam Sample Questions preparation materials.
Certified Public Accountant AA Join us and you will be one of them.
So you will never feel bored when studying on our AA - Audit & Insurance Exam Sample Questions study tool. Our New Exam Cram AA Materials certification questions are close to the real exam and the questions and answers of the test bank cover the entire syllabus of the real exam and all the important information about the exam. Our New Exam Cram AA Materials learning dump can stimulate the real exam’s environment to make the learners be personally on the scene and help the learners adjust the speed when they attend the real exam.
If you fail to pass the exam, we will give a full refund. AA Exam Sample Questions learning guide hopes to progress together with you and work together for their own future. The high passing rate of AA Exam Sample Questions exam training also requires your efforts.
CPA AA Exam Sample Questions - It is quite convenient.
Thousands of people will compete with you to get the AA Exam Sample Questions certificate. You must feel scared and disappointed. Do not lose hope. Our study materials come to your help. We will enhance your knowledge about the AA Exam Sample Questions exam. You just need to follow our AA Exam Sample Questions study materials to prepare the exam. No extra reference books are needed. And our pass rate is proved by our worthy customers to be high as 98% to 100%. You will pass the exam easily with our AA Exam Sample Questions practice braindumps.
If you are better, you will have a more relaxed life. AA Exam Sample Questions guide materials allow you to increase the efficiency of your work.
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 Palo Alto Networks PSE-SoftwareFirewall study materials will also save your time and energy in well-targeted learning as we are going to make everything done in order that you can stay focused in learning our Palo Alto Networks PSE-SoftwareFirewall study materials without worries behind. HP HPE0-S60 - Most importantly, these continuously updated systems are completely free to users. On Omgzlook website you can free download part of the exam questions and answers about CPA certification IAPP CIPT exam to quiz our reliability. Pegasystems PEGACPLSA88V1 - Users can not only learn new knowledge, can also apply theory into the actual problem, but also can leak fill a vacancy, can say such case selection is to meet, so to grasp the opportunity! PDMA NPDP - If you do not have participated in a professional specialized training course, you need to spend a lot of time and effort to prepare for the exam.
Updated: May 26, 2022