Great concentrative progress has been made by our company, who aims at further cooperation with our candidates in the way of using our AA Test Lab Questions exam engine as their study tool. Owing to the devotion of our professional research team and responsible working staff, our AA Test Lab Questions training materials have received wide recognition and now, with more people joining in the AA Test Lab Questions exam army, we has become the top-raking AA Test Lab Questions training materials provider in the international market. Omgzlook have different training methods and training courses for different candidates. With these Omgzlook's targeted training, the candidates can pass the exam much easier. Before you buy our product, you can download and try out it freely so you can have a good understanding of our AA Test Lab Questions test prep.
Certified Public Accountant AA So try to trust us.
Certified Public Accountant AA Test Lab Questions - Audit & Insurance So, hurry to take action. Our windows software and online test engine of the AA Valid Exam Sample Questions exam questions are suitable for all age groups. At the same time, our operation system is durable and powerful.
Many times getting a right method is important and more efficient than spending too much time and money in vain. Our Omgzlook team devote themselves to studying the best methods to help you pass AA Test Lab Questions exam certification. From the time when you decide whether to purchase our AA Test Lab Questions exam software or not, we have provided you with comprehensive guarantees, including free demo download before buying, payment guarantee in purchase process, one-year free update service after you purchased AA Test Lab Questions exam software, and full refund guarantee of dump cost if you fail AA Test Lab Questions exam certification, which are all our promises to ensure customer interests.
CPA AA Test Lab Questions - This is really amazing.
Due to continuous efforts of our experts, we have exactly targeted the content of the AA Test Lab Questions exam. You will pass the AA Test Lab Questions exam after 20 to 30 hours' learning with our AA Test Lab Questions study material. If you fail to pass the exam, we will give you a refund. Many users have witnessed the effectiveness of our AA Test Lab Questions guide braindumps you surely will become one of them. Try it right now! And we will let you down.
The website which provide exam information are surged in recent years. This may cause you clueless when you prepare the CPA AA Test Lab Questions exam.
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
The learning of our Microsoft DP-420 study materials costs you little time and energy and we update them frequently. APMG-International AgileBA-Foundation - You only need to select the appropriate training materials. SAP C_ARP2P_2404 - Many people want to be the competent people which can excel in the job in some area and be skillful in applying the knowledge to the practical working in some industry. EMC D-VXR-DY-23 - Don't you believe in it? Omgzlook real questions and answers are the materials that it can help you get high marks and pass the certification exam. Saving the precious time users already so, also makes the Fortinet NSE7_LED-7.0 quiz torrent look more rich, powerful strengthened the practicability of the products, to meet the needs of more users, to make the Fortinet NSE7_LED-7.0 test prep stand out in many similar products.
Updated: May 26, 2022