Our AA Reliable Exam Questions cram materials will help you gain the success in your career. You can be respected and enjoy the great fame among the industry. When applying for the jobs your resumes will be browsed for many times and paid high attention to. If you purchasing our AA Reliable Exam Questions simulating questions, you will get a comfortable package services afforded by our considerate after-sales services. We respect your needs toward the useful AA Reliable Exam Questionspractice materials by recommending our AA Reliable Exam Questions guide preparations for you. More importantly, the good habits will help you find the scientific prop learning methods and promote you study efficiency, and then it will be conducive to helping you pass the AA Reliable Exam Questions exam in a short time.
Certified Public Accountant AA Now they have a better life.
Certified Public Accountant AA Reliable Exam Questions - Audit & Insurance If we miss the opportunity, we will accomplish nothing. If you are agonizing about how to pass the exam and to get the CPA certificate, now you can try our learning materials. Our reputation is earned by high-quality of our learning materials.
The client only need to spare 1-2 hours to learn our Audit & Insurance study question each day or learn them in the weekends. Commonly speaking, people like the in-service staff or the students are busy and don’t have enough time to prepare the exam. Learning our Audit & Insurance test practice dump can help them save the time and focus their attentions on their major things.
CPA AA Reliable Exam Questions - In the end, you will become an excellent talent.
However, when asked whether the AA Reliable Exam Questions latest dumps are reliable, costumers may be confused. For us, we strongly recommend the AA Reliable Exam Questions exam questions compiled by our company, here goes the reason. On one hand, our AA Reliable Exam Questions test material owns the best quality. When it comes to the study materials selling in the market, qualities are patchy. But our CPA test material has been recognized by multitude of customers, which possess of the top-class quality, can help you pass exam successfully. On the other hand, our AA Reliable Exam Questions latest dumps are designed by the most experienced experts, thus it can not only teach you knowledge, but also show you the method of learning in the most brief and efficient ways.
On the one hand, you can elevate your working skills after finishing learning our AA Reliable Exam Questions study materials. On the other hand, you will have the chance to pass the exam and obtain the AA Reliable Exam Questionscertificate, which can aid your daily work and get promotion.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 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
Facing the Microsoft PL-400-KR exam this time, your rooted stressful mind of the exam can be eliminated after getting help from our Microsoft PL-400-KR practice materials. VMware 5V0-31.22 - Few people can calm down and ask what they really want. Microsoft AZ-104 - We emphasize on customers satisfaction, which benefits both exam candidates and our company equally. IIA IIA-CIA-Part2 - Then you can go to everywhere without carrying your computers. As SAP P-BTPA-2408 exam questions with high prestige and esteem in the market, we hold sturdy faith for you.
Updated: May 26, 2022