Are you trying to pass the AA Reliable Test Voucher exam to get the longing AA Reliable Test Voucher certification? As we know, there are a lot of the advantages of the certification, such as higher salaries, better job positions and so on. Perhaps at this moment, you need the help of our AA Reliable Test Voucher study materials. As our company's flagship product, it has successfully helped countless candidates around the world to obtain the coveted AA Reliable Test Voucher certification. We do not support deposit card and debit card to pay for the AA Reliable Test Voucher exam questions. Also, the system will deduct the relevant money. For our professional experts simplified the content of theAA Reliable Test Voucher exam questions for all our customers to be understood.
Certified Public Accountant AA Do not be bemused about the exam.
Certified Public Accountant AA Reliable Test Voucher - Audit & Insurance Within a year, we provide free updates. Considering many exam candidates are in a state of anguished mood to prepare for the AA Real Exam Questions exam, our company made three versions of AA Real Exam Questions real exam materials to offer help. All these variants due to our customer-oriented tenets.
This is the achievement made by IT experts in Omgzlook after a long period of time. They used their knowledge and experience as well as the ever-changing IT industry to produce the material. The effect of Omgzlook's CPA AA Reliable Test Voucher exam training materials is reflected particularly good by the use of the many candidates.
CPA AA Reliable Test Voucher - It is up to you to make a decision.
It is our responsibility to relieve your pressure from preparation of AA Reliable Test Voucher exam. To help you pass the AA Reliable Test Voucher exam is our goal. The close to 100% passing rate of our dumps allow you to be rest assured in our products. Not all vendors dare to promise that if you fail the exam, we will give you a full refund. But our IT elite of Omgzlook and our customers who are satisfied with our AA Reliable Test Voucher exam software give us the confidence to make such promise.
You can free download the part of CPA AA Reliable Test Voucher exam questions and answers Omgzlook provide as an attempt to determine the reliability of our products. I believe you will be very satisfied of our products.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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
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
If you worry about your exam, our ISC CISSP-CN exam training dumps will guide you and make you well preparing，you will pass exam without any doubt. Omgzlook is a website to provide a targeted training for CPA certification IBM C1000-058 exam. We arrange the experts to check the update every day, if there is any update about the EMC D-RP-OE-A-24 pdf vce, the latest information will be added into the EMC D-RP-OE-A-24 exam dumps, and the useless questions will be remove of it to relief the stress for preparation. Microsoft SC-900 - If we have any updated version of test software, it will be immediately pushed to customers. Your knowledge range will be broadened and your personal skills will be enhanced by using the SAP C_THR97_2405 free pdf torrent, then you will be brave and confident to face the SAP C_THR97_2405 actual test.
Updated: May 26, 2022