AA Official Study Guide practice dumps offers you more than 99% pass guarantee, which means that if you study our AA Official Study Guide learning guide by heart and take our suggestion into consideration, you will absolutely get the certificate and achieve your goal. Meanwhile, if you want to keep studying this course , you can still enjoy the well-rounded services by AA Official Study Guide test prep, our after-sale services can update your existing AA Official Study Guide study quiz within a year and a discount more than one year. Our experts all have a good command of exam skills to cope with the AA Official Study Guide preparation materials efficiently in case you have limited time to prepare for it, because all questions within them are professionally co-related with the AA Official Study Guide exam. Moreover, to write the Up-to-date AA Official Study Guide practice braindumps, they never stop the pace of being better. Firstly, the pass rate among our customers has reached as high as 98% to 100%, which marks the highest pass rate in the field.
Certified Public Accountant AA Our after sales services are also considerate.
With AA - Audit & Insurance Official Study Guide exam guide, you can perform the same computer operations as the real exam, completely taking you into the state of the actual exam, which will help you to predict the problems that may occur during the exam, and let you familiarize yourself with the exam operation in advance and avoid rushing during exams. To go with the changing neighborhood, we need to improve our efficiency of solving problems as well as the new contents of our AA Brain Dumps exam questions accordingly, so all points are highly fresh about in compliance with the syllabus of the exam. Our AA Brain Dumps exam materials can help you realize it.
For we have engaged in this career for years and we are always trying our best to develope every detail of our AA Official Study Guide study quiz. With our AA Official Study Guide exam questions, you will find the exam is just a piece of cake. What are you still hesitating for? Hurry to buy our AA Official Study Guide learning engine now!
CPA AA Official Study Guide - Please give us a chance to prove.
We provide online customer service to the customers for 24 hours per day and we provide professional personnel to assist the client in the long distance online. If you have any questions and doubts about the Audit & Insurance guide torrent we provide before or after the sale, you can contact us and we will send the customer service and the professional personnel to help you solve your issue about using AA Official Study Guide exam materials. The client can contact us by sending mails or contact us online. We will solve your problem as quickly as we can and provide the best service. Our after-sales service is great as we can solve your problem quickly and won’t let your money be wasted. If you aren’t satisfied with our AA Official Study Guide exam torrent you can return back the product and refund you in full.
What is more, our research center has formed a group of professional experts responsible for researching new technology of the AA Official Study Guide study materials. The technology of the AA Official Study Guide study materials will be innovated every once in a while.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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
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
With high-quality HP HPE7-M03 guide materials and flexible choices of learning mode, they would bring about the convenience and easiness for you. Because, after all, Salesforce Data-Cloud-Consultant is a very important certified exam of CPA. Oracle 1z0-1123-24 - Need any help, please contact with us again! In order to pass CPA certification IBM C1000-183 exam disposably, you must have a good preparation and a complete knowledge structure. SASInstitute A00-451 - Many people, especially the in-service staff, are busy in their jobs, learning, family lives and other important things and have little time and energy to learn and prepare the exam.
Updated: May 26, 2022