Our test engine has been introduced for the preparation of AA New Study Questions practice test and bring great convenience for most IT workers. It will make you feel the atmosphere of the AA New Study Questions actual test and remark the mistakes when you practice the exam questions. We strongly recommend that you should prepare your AA New Study Questions exam pdf with our test engine before taking real exam. As for the AA New Study Questions study materials themselves, they boost multiple functions to assist the learners to learn the AA New Study Questions learning dumps efficiently from different angles. For example, the function to stimulate the exam can help the exam candidates be familiar with the atmosphere and the pace of the real AA New Study Questions exam and avoid some unexpected problem occur such as the clients answer the questions in a slow speed and with a very anxious mood which is caused by the reason of lacking confidence. For busy workers, you can make the best of your time on railway or bus, mastering one question and answers every time will be great.
Certified Public Accountant AA It costs both time and money.
So AA - Audit & Insurance New Study Questions practice materials come within the scope of our business activities. You can totally rely on us! We never concoct any praise but show our capacity by the efficiency and profession of our AA Cuttin G-Edge Resources practice materials.
AA New Study Questions study engine is very attentive to provide a demo for all customers who concerned about our products, whose purpose is to allow customers to understand our product content before purchase. Many students suspect that if AA New Study Questions learning material is really so magical? Does it really take only 20-30 hours to pass such a difficult certification exam successfully? It is no exaggeration to say that you will be able to successfully pass the exam with our AA New Study Questions exam questions.
CPA AA New Study Questions - Your life will be even more exciting.
Once the user has used our AA New Study Questions test prep for a mock exercise, the product's system automatically remembers and analyzes all the user's actual operations. The user must complete the test within the time specified by the simulation system, and there is a timer on the right side of the screen, as long as the user begins the practice of AA New Study Questions quiz guide, the timer will run automatic and start counting. If the user does not complete the mock test question in a specified time, the practice of all AA New Study Questions valid practice questions previously done by the user will automatically uploaded to our database. The system will then generate a report based on the user's completion results, and a report can clearly understand what the user is good at. Finally, the transfer can be based on the AA New Study Questions valid practice questions report to develop a learning plan that meets your requirements. With constant practice, users will find that feedback reports are getting better, because users spend enough time on our AA New Study Questions test prep.
The price of our AA New Study Questions learning guide is among the range which you can afford and after you use our AA New Study Questions study materials you will certainly feel that the value of the AA New Study Questions exam questions far exceed the amount of the money you pay for the pass rate of our practice quiz is 98% to 100% which is unmarched in the market. Choosing our AA New Study Questions study guide equals choosing the success and the perfect service.
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
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: 5
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
Our online service staff is professionally trained, and users' needs about Adobe AD0-E134 test guide can be clearly understood by them. We can promise that we will provide you with quality products, reasonable price and professional after sale service on our Oracle 1z0-1047-24 learning guide. ACFE CFE - What is the measure of competence? Of course, most companies will judge your level according to the number of qualifications you have obtained. Dell D-PWF-OE-A-00 - The most advantage of the online version is that this version can support all electronica equipment. Now getting an international Amazon AIF-C01 certificate has become a trend.
Updated: May 26, 2022