AA Practice Test Pdf Exam is a milestone in your career. In this competitive world, it is more important than ever. We guarantee that you can pass the exam easily. Our AA Practice Test Pdf exam software is developed by our IT elite through analyzing real AA Practice Test Pdf exam content for years, and there are three version including PDF version, online version and software version for you to choose. Have you ever tried our IT exam certification software provided by our Omgzlook? If you have, you will use our AA Practice Test Pdf exam software with no doubt. Do you want to pass the CPA AA Practice Test Pdf exam better and faster? Then please select the Omgzlook.
CPA AA Practice Test Pdf exam is very popular in IT field.
If you want to know our AA - Audit & Insurance Practice Test Pdf test questions materials, you can download our free demo now. Within a year, only if you would like to update the materials you have, you will get the newer version. With the dumps, you can pass CPA Pass AA Rate test with ease and get the certificate.
Excellent CPA AA Practice Test Pdf study guide make candidates have clear studying direction to prepare for your test high efficiently without wasting too much extra time and energy. Do you feel bored about current jobs and current life? Go and come to obtain a useful certificate! AA Practice Test Pdf study guide is the best product to help you achieve your goal.
CPA AA Practice Test Pdf - Never feel sorry to invest yourself.
Our experts offer help by diligently working on the content of AA Practice Test Pdf learning questions more and more accurate. Being an exam candidate in this area, we believe after passing the exam by the help of our AA Practice Test Pdf practice materials, you will only learn a lot from this AA Practice Test Pdf exam but can handle many problems emerging in a long run. You can much more benefited form our AA Practice Test Pdf study guide. Don't hesitate, it is worthy to purchase!
To choose us is to choose success! It is an incredible opportunity among all candidates fighting for the desirable exam outcome to have our AA Practice Test Pdf practice materials.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 3
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
QUESTION NO: 4
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: 5
When performing risk assessment procedures and related activities to obtain an understanding of the entity and its environment, including the entity's internal control, required by ISA 315, the auditor shall perform certain procedures to obtain information for use in identifying the risks of material misstatement due to fraud.
Which of the following is not a part of an entity's risk assessment process?
A. Identify relevant business risks
B. Assess the likelihood of occurrence
C. Decide upon actions to manage the risks
D. Report the process to the auditors
Answer: D
The Esri EJSA_2024 prep torrent we provide will cost you less time and energy. There is a large range of Microsoft MB-230 certifications that can help you improve your professional worth and make your dreams come true. Although the pass rate of our AACE International CCP study materials can be said to be the best compared with that of other exam tests, our experts all are never satisfied with the current results because they know the truth that only through steady progress can our AACE International CCP preparation braindumps win a place in the field of exam question making forever. At present we will provide all candidates who want to pass the Axis Communications CTS exam with three different versions for your choice. Many competitors simulate and strive to emulate our standard, but our Splunk SPLK-5001 training branindumps outstrip others in many aspects, so it is incumbent on us to offer help.
Updated: May 26, 2022