So we have tried our best to develop the three packages for you to choose. Now we have free demo of the AA Valid Test Dumps.Zip study materials, which can print on papers and make notes. Then windows software of the AA Valid Test Dumps.Zip exam questions, which needs to install on windows software. Our online workers are going through professional training. Your demands and thought can be clearly understood by them. Our Omgzlook is a professional website to provide accurate exam material for a variety of IT certification exams.
Certified Public Accountant AA If you do not give up, the next second is hope.
Certified Public Accountant AA Valid Test Dumps.Zip - Audit & Insurance Although we might come across many difficulties during pursuing our dreams, we should never give up. According to the survey, the candidates most want to take CPA AA Valid Exam Pass4Sure test in the current IT certification exams. Of course, the CPA AA Valid Exam Pass4Sure certification is a very important exam which has been certified.
It has been widely recognized that the AA Valid Test Dumps.Zip exam can better equip us with a newly gained personal skill, which is crucial to individual self-improvement in today’s computer era. With the certified advantage admitted by the test CPA certification, you will have the competitive edge to get a favorable job in the global market. Here our AA Valid Test Dumps.Zip study materials are tailor-designed for you.
CPA AA Valid Test Dumps.Zip - Yes, this is true.
We regard the customer as king so we put a high emphasis on the trust of every users, therefore our security system can protect you both in payment of AA Valid Test Dumps.Zip guide braindumps and promise that your computer will not be infected during the process of payment on our AA Valid Test Dumps.Zip study materials. Moreover, if you end up the cooperation between us,we have the responsibility to delete your personal information on AA Valid Test Dumps.Zip exam prep. In a word, Wwe have data protection act for you to avoid information leakage!
In addition, Omgzlook exam dumps will be updated at any time. If exam outline and the content change, Omgzlook can provide you with the latest information.
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
During the trial period of our Microsoft MS-102 study materials, the PDF versions of the sample questions are available for free download, and both the pc version and the online version can be illustrated clearly. Omgzlook Netskope NSK101 braindump has a high hit rate. EMC D-OME-OE-A-24 - They contain questions and answers on all the core points of your exam syllabus. And then are what materials your worthwhile option? Do you have chosen Omgzlook CPA Microsoft AZ-305 real questions and answers? If so, you don't need to worry about the problem that can't pass the exam. EMC D-ZT-DS-P-23 - We have considerate services as long as you need us.
Updated: May 26, 2022