We also offer a year of free updates. If you do not pass the exam, we will refund the full cost to you. We absolutely protect the interests of consumers. Are you worrying about how to pass CPA AA Reliable Dumps Ebook test? Now don't need to worry about the problem. Omgzlook that committed to the study of CPA AA Reliable Dumps Ebook certification exam for years has a wealth of experience and strong exam dumps to help you effectively pass your exam. The coverage of the products of Omgzlook is very broad.
Certified Public Accountant AA The empty promise is not enough.
Certified Public Accountant AA Reliable Dumps Ebook - Audit & Insurance There is no reason to waste your time on a test. Omgzlook is a reliable study center providing you the valid and correct Valid Exam AA Study Guide questions & answers for boosting up your success in the actual test. Valid Exam AA Study Guide PDF file is the common version which many candidates often choose.
For example like CPA AA Reliable Dumps Ebook certification exam, it is a very valuable examination, which must help you realize your wishes. Working in IT field, you definitely want to prove your ability by passing IT certification test. Moreover, the colleagues and the friends with IT certificate have been growing.
CPA AA Reliable Dumps Ebook - So just come on and join our success!
AA Reliable Dumps Ebook offers free demo for AA Reliable Dumps Ebook real test. You can check out the interface, question quality and usability of our AA Reliable Dumps Ebook practice exams before you decide to buy it. You can download our AA Reliable Dumps Ebook test engine and install it on your phone or other device, then if you are waiting for the bus or on the subway, you can take AA Reliable Dumps Ebook exam dumps out for study. The promotion is regular, so please hurry up to get the most cost-effective CPA prep exam dumps.
You can enjoy the nice service from us. We have three versions of AA Reliable Dumps Ebook learning materials available, including PDF, Software and APP online.
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
Oracle 1z0-1123-24 - You will free access to our test engine for review after payment. In the course of your study, the test engine of Amazon DOP-C02-KR actual exam will be convenient to strengthen the weaknesses in the learning process. Axis Communications CTS - Just add it to your cart. As a key to the success of your life, the benefits that our Amazon SAA-C03 study braindumps can bring you are not measured by money. The intelligence and customizable Google Professional-Cloud-Developer training material will help you get the Google Professional-Cloud-Developer certification successfully.
Updated: May 26, 2022