Although the AA Test Camp Sheet exam prep is of great importance, you do not need to be over concerned about it. With scientific review and arrangement from professional experts as your backup, and the most accurate and high quality content of our AA Test Camp Sheet study materials, you will cope with it like a piece of cake. So our AA Test Camp Sheet learning questions will be your indispensable practice materials during your way to success. There is an old saying goes, the customer is king, so we follow this principle with dedication to achieve high customer satisfaction on our AA Test Camp Sheet exam questions. First of all, you are able to make full use of our AA Test Camp Sheet learning dumps through three different versions: PDF, PC and APP online version. And they are the masterpieces of processional expertise these area with reasonable prices.
Certified Public Accountant AA This is a fair principle.
Certified Public Accountant AA Test Camp Sheet - Audit & Insurance We made real test materials in three accessible formats for your inclinations. Our learning materials will successfully promote your acquisition of certification. Our Reliable AA Test Collection Sheet qualification test closely follow changes in the exam outline and practice.
Up to now, there are three versions of AA Test Camp Sheet exam materials for your choice. So high-quality contents and flexible choices of AA Test Camp Sheet learning mode will bring about the excellent learning experience for you. Though the content of these three versions of our AA Test Camp Sheet study questions is the same, their displays are totally different.
CPA AA Test Camp Sheet - Why not have a try?
As is known to us, getting the newest information is very important for all people to pass the exam and get the certification in the shortest time. In order to help all customers gain the newest information about the AA Test Camp Sheet exam, the experts and professors from our company designed the best Audit & Insurance test guide. The experts will update the system every day. If there is new information about the exam, you will receive an email about the newest information about the AA Test Camp Sheet learning dumps. We can promise that you will never miss the important information about the exam.
With our AA Test Camp Sheet exam questions, you will easily get the favor of executives and successfully enter the gates of famous companies. You will have higher wages and a better development platform.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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: 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
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
SAP C-C4H51-2405 - The online version is open to all electronic devices, which will allow your device to have common browser functionality so that you can open our products. Simple text messages, deserve to go up colorful stories and pictures beauty, make the SAP C-ARP2P-2404 test guide better meet the zero basis for beginners, let them in the relaxed happy atmosphere to learn more useful knowledge, more good combined with practical, so as to achieve the state of unity. Microsoft DP-600 - The Internet is increasingly becoming a platform for us to work and learn, while many products are unreasonable in web design, and too much information is not properly classified. Therefore, getting the test Microsoft PL-500 certification is of vital importance to our future employment. CheckPoint 156-587 - Some of these users have already purchased a lot of information.
Updated: May 26, 2022