Now, don't wasting time again, just start from our AA Excellect Pass Rate VCE dumps. Excellent & valid VCE dumps will make you achieve your dream and go to the peak of your life ahead of other peers. Time is nothing; timing is everything. You can rely on our AA Excellect Pass Rate test questions, and we’ll do the utmost to help you succeed. Research indicates that the success of our highly-praised AA Excellect Pass Rate test questions owes to our endless efforts for the easily operated practice system. The pass rate of our products increased last year because of its reliability.
Certified Public Accountant AA Or you can choose to free update your exam dumps.
Certified Public Accountant AA Excellect Pass Rate - Audit & Insurance Being considered the most authentic brand in this career, our professional experts are making unremitting efforts to provide our customers the latest and valid {CertName} exam simulation. After using our software, you will know that it is not too difficult to pass Valid AA Mock Exam exam. You will find some exam techniques about how to pass Valid AA Mock Exam exam from the exam materials and question-answer analysis provided by our Omgzlook.
But we can help all of these candidates on AA Excellect Pass Rate study questions. Numerous grateful feedbacks form our loyal customers proved that we are the most popular vendor in this field to offer our AA Excellect Pass Rate preparation questions. You can totally relay on us.
CPA AA Excellect Pass Rate - Now you can have these precious materials.
Our company is a multinational company which is famous for the AA Excellect Pass Rate training materials in the international market. After nearly ten years' efforts, now our company have become the topnotch one in the field, therefore, if you want to pass the AA Excellect Pass Rate exam as well as getting the related certification at a great ease, I strongly believe that the AA Excellect Pass Rate study materials compiled by our company is your solid choice.
You set timed AA Excellect Pass Rate test and practice again and again. Besides, AA Excellect Pass Rate exam test engine cover most valid test questions so that it can guide you and help you have a proficient & valid preparation process.
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
It is universally accepted that in this competitive society in order to get a good job we have no choice but to improve our own capacity and explore our potential constantly, and try our best to get the related Scrum SAFe-SASM certification is the best way to show our professional ability, however, the Scrum SAFe-SASM exam is hard nut to crack but our Scrum SAFe-SASM preparation questions are closely related to the exam, it is designed for you to systematize all of the key points needed for the Scrum SAFe-SASM exam. Now, let’s start your preparation with Adobe AD0-E906 training material. We will update the content of Cisco 300-715 test guide from time to time according to recent changes of examination outline and current policies, so that every examiner can be well-focused and complete the exam focus in the shortest time. All real questions just need to practice one or two days and remember the answers will save you much time in Dell D-ISAZ-A-01 real exam. As long as you pay at our platform, we will deliver the relevant Oracle 1z0-1072-24 exam materials to your mailbox within the given time.
Updated: May 26, 2022