Our AA Latest Exam Camp quiz torrent can help you get out of trouble regain confidence and embrace a better life. Our AA Latest Exam Camp exam question can help you learn effectively and ultimately obtain the authority certification of CPA, which will fully prove your ability and let you stand out in the labor market. We have the confidence and ability to make you finally have rich rewards. More importantly, we will promptly update our AA Latest Exam Camp quiz torrent based on the progress of the letter and send it to you. 99% of people who use our AA Latest Exam Camp quiz guide has passed the exam and successfully obtained their certificates, which undoubtedly show that the passing rate of our AA Latest Exam Camp exam question is 99%. With the simulation test, all of our customers will get accustomed to the AA Latest Exam Camp exam easily, and get rid of bad habits, which may influence your performance in the real AA Latest Exam Camp exam.
Certified Public Accountant AA And we give some discounts on special festivals.
Certified Public Accountant AA Latest Exam Camp - Audit & Insurance On the cutting edge of this line for over ten years, we are trustworthy company you can really count on. Learning knowledge is just like building a house, our Valid AA Test Camp Sheet training materials serve as making the solid foundation from the start with higher efficiency. Even if this is just the first time you are preparing for the exam, you can expect high grade.
You can just look at the hot hit on our website on the AA Latest Exam Camp practice engine, and you will be surprised to find it is very popular and so many warm feedbacks are written by our loyal customers as well. Our AA Latest Exam Camp study prep does not need any ads, their quality has propaganda effect themselves. As a result, the pass rate of our AA Latest Exam Camp exam braindumps is high as 98% to 100%.
CPA AA Latest Exam Camp - Please follow your heart.
Our PDF version of AA Latest Exam Camp training materials is legible to read and remember, and support printing request. Software version of AA Latest Exam Camp practice materials supports simulation test system, and give times of setup has no restriction. Remember this version support Windows system users only. App online version of AA Latest Exam Camp exam questions is suitable to all kinds of equipment or digital devices and supportive to offline exercise on the condition that you practice it without mobile data.
Your convenience and demands also deserve our deep consideration. At the same time, your property rights never expire once you have paid for money.
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
Get the test Microsoft MB-800 certification is not achieved overnight, we need to invest a lot of time and energy to review, and the review process is less a week or two, more than a month or two, or even half a year, so Microsoft MB-800 exam questions are one of the biggest advantage is that it is the most effective tools for saving time for users. All our team of experts and service staff are waiting for your mail on the SailPoint IdentityIQ-Engineer exam questions all the time. To keep up with the newest regulations of the VMware 3V0-42.23exam, our experts keep their eyes focusing on it. With the help of our SAP C-THR70-2404 exam questions, your review process will no longer be full of pressure and anxiety. We will provide you with professional advice before you buy our Splunk SPLK-1002 guide materials.
Updated: May 26, 2022