And then, you can learn anytime, anywhere. Whatever where you are, whatever what time it is, just an electronic device, you can do exercises. With Audit & Insurance torrent prep, you no longer have to put down the important tasks at hand in order to get to class; with AA Latest Exam Preparation exam questions, you don’t have to give up an appointment for study. Omgzlook's study guides are your best ally to get a definite success in AA Latest Exam Preparation exam. The guides contain excellent information, exam-oriented questions and answers format on all topics of the certification syllabus. The mails provide the links and if only the clients click on the links they can log in our software immediately to learn our AA Latest Exam Preparation guide materials.
Certified Public Accountant AA Actually, you must not impoverish your ambition.
Secondly, since our AA - Audit & Insurance Latest Exam Preparation training quiz appeared on the market, seldom do we have the cases of customer information disclosure. During the prolonged review, many exam candidates feel wondering attention is hard to focus. But our AA Latest Test Simulator Online real exam is high efficient which can pass the AA Latest Test Simulator Online exam during a week.
The questions of our AA Latest Exam Preparation guide questions are related to the latest and basic knowledge. What’s more, our AA Latest Exam Preparation learning materials are committed to grasp the most knowledgeable points with the fewest problems. So 20-30 hours of study is enough for you to deal with the exam.
CPA AA Latest Exam Preparation - And we have become a popular brand in this field.
According to various predispositions of exam candidates, we made three versions of our AA Latest Exam Preparation study materials for your reference: the PDF, Software and APP online. And the content of them is the same though the displays are different. Untenable materials may waste your time and energy during preparation process. But our AA Latest Exam Preparation practice braindumps are the leader in the market for ten years. As long as you try our AA Latest Exam Preparation exam questions, we believe you will fall in love with it.
For many people, it’s no panic passing the AA Latest Exam Preparation exam in a short time. Luckily enough，as a professional company in the field of AA Latest Exam Preparation practice questions ,our products will revolutionize the issue.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
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
And we have been treated as the best friend as our Oracle 1z0-1072-24 training guide can really help and change the condition which our loyal customers are in and give them a better future. With our Lpi 701-100 learning questions, you can enjoy a lot of advantages over the other exam providers’. If you really want to pass the SAP C_THR94_2405 exam, you should choose our first-class SAP C_THR94_2405 study materials. SAP C-ARSCC-2404 - Join us and you will be one of them. Network Appliance NS0-528 - If you urgently need help, come to buy our study materials.
Updated: May 26, 2022