Every product will undergo a strict inspection process. In addition, there will have random check among different kinds of AA Reliable Test Sample study materials. The quality of our AA Reliable Test Sample practice dumps deserves your trust.our products have built good reputation in the market. With the AA Reliable Test Sample test training, you can both have the confidence and gumption to ask for better treatment. To earn such a material, you can spend some time to study our AA Reliable Test Sample study torrent. Without doubt, our AA Reliable Test Sample practice dumps keep up with the latest information and contain the most valued key points that will show up in the real AA Reliable Test Sample exam.
Certified Public Accountant AA Also, they have respect advantages.
With many advantages such as immediate download, simulation before the real exam as well as high degree of privacy, our AA - Audit & Insurance Reliable Test Sample actual exam survives all the ordeals throughout its development and remains one of the best choices for those in preparation for AA - Audit & Insurance Reliable Test Sample exam. However, how to pass CPA certification Free AA Practice Test Exam exam quickly and simply? Our Omgzlook can always help you solve this problem quickly. In Omgzlook we provide the Free AA Practice Test Exam certification exam training tools to help you pass the exam successfully.
The world is full of chicanery, but we are honest and professional in this area over ten years. Even if you are newbie, it does not matter as well. To pass the exam in limited time, you will find it as a piece of cake with the help of our AA Reliable Test Sample study engine!
CPA AA Reliable Test Sample - A bad situation can show special integrity.
With the help of our AA Reliable Test Sample study guide, you can adjust yourself to the exam speed and stay alert according to the time-keeper that we set on our AA Reliable Test Sample training materials. Therefore, you can trust on our AA Reliable Test Sample exam materials for this effective simulation function will eventually improve your efficiency and assist you to succeed in the AA Reliable Test Sample exam. And we believe you will pass the AA Reliable Test Sample exam just like the other people!
If you want to pass the CPA AA Reliable Test Sample exam, you'd better to buy Omgzlook's exam training materials quickly. How far the distance between words and deeds? It depends to every person.
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
Our Qlik QREPpractice materials will provide you with a platform of knowledge to help you achieve your dream. As one of the most important exam in CPA certification exam, the certificate of CPA Salesforce Salesforce-Loyalty-Management will give you benefits. Considering your practical constraint and academic requirements of the SAP C-TS462-2023 exam preparation, you may choose the SAP C-TS462-2023 practice materials with following traits. HP HPE0-V27 - Because the SOFT version questions and answers completely simulate the actual exam. There are many benefits to buy Nutanix NCP-CI-Azure guide torrent such as after the client pass the exam they can enter in the big company and double their wages.
Updated: May 26, 2022