So we never stop the pace of offering the best services and AA Test Simulator Free practice materials for you. Tens of thousands of candidates have fostered learning abilities by using our AA Test Simulator Free Learning materials you can be one of them definitely. Our company committed all versions of AA Test Simulator Free practice materials attached with free update service. Even the AA Test Simulator Free test syllabus is changing every year; our experts still have the ability to master the tendency of the important knowledge as they have been doing research in this career for years. Through our prior investigation and researching, our AA Test Simulator Free preparation exam can predicate the exam accurately. Our AA Test Simulator Free study materials provide a promising help for your AA Test Simulator Free exam preparation whether newbie or experienced exam candidates are eager to have them.
Certified Public Accountant AA They are free demos.
On the one hand, our company hired the top experts in each qualification examination field to write the AA - Audit & Insurance Test Simulator Free prepare dump, so as to ensure that our products have a very high quality, so that users can rest assured that the use of our research materials. When we choose the employment work, you will meet a bottleneck, how to let a company to choose you to be a part of him? We would say ability, so how does that show up? There seems to be only one quantifiable standard to help us get a more competitive job, which is to get the test AA Valid Real Testcertification and obtain a qualification. If you want to have a good employment platform, then take office at the same time there is a great place to find that we have to pay attention to the importance of qualification examination.
And we can claim that if you study with our AA Test Simulator Free study materials for 20 to 30 hours, you will pass the exam with ease. Perhaps you do not understand. Anyway, what I want to tell you that our AA Test Simulator Free exam questions can really help you pass the exam faster.
CPA AA Test Simulator Free - You can learn anytime, anywhere.
In modern society, we are busy every day. So the individual time is limited. The fact is that if you are determined to learn, nothing can stop you! You are lucky enough to come across our AA Test Simulator Free exam materials. Our AA Test Simulator Free study guide can help you improve in the shortest time. Even you do not know anything about the AA Test Simulator Free exam. It absolutely has no problem. You just need to accept about twenty to thirty hours’ guidance of our AA Test Simulator Free learning prep, it is easy for you to take part in the exam.
Watch carefully you will find that more and more people are willing to invest time and energy on the AA Test Simulator Free exam, because the exam is not achieved overnight, so many people are trying to find a suitable way. At the fork in the road, we always face many choices.
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
EMC D-VXR-DY-01 - Don't you think it is quite amazing? Just come and have a try! CompTIA SY0-601-KR - Our users are willing to volunteer for us. And if you don't know which one to buy, you can free download the demos of the Microsoft SC-200 study materials to check it out. F5 302 - We have made all efforts to update our product in order to help you deal with any change, making you confidently take part in the exam. We believe that the SAP C_S43_2022 exam questions from our company will help all customers save a lot of installation troubles.
Updated: May 26, 2022