Our IT elite finally designs the best AA Valid Test Practice exam study materials by collecting the complex questions and analyzing the focal points of the exam over years. Even so, our team still insist to be updated ceaselessly, and during one year after you purchased AA Valid Test Practice exam software, we will immediately inform you once the AA Valid Test Practice exam software has any update. Actually, AA Valid Test Practice exam really make you anxious. In such a way, you will get a leisure study experience as well as a doomed success on your coming AA Valid Test Practice exam. After our unremitting efforts, AA Valid Test Practice learning guide comes in everybody's expectation. Every version of AA Valid Test Practice study materials that we provide to you has its own advantage: the PDF version has no equipment limited, which can be read anywhere; the online version can use on any electronic equipment there is network available; the software version can simulate the real AA Valid Test Practice exam environment to let you have more real feeling to AA Valid Test Practice real exam, besides the software version can be available installed on unlimited number devices.
Certified Public Accountant AA The first one is downloading efficiency.
With our AA - Audit & Insurance Valid Test Practice study materials, all of your study can be completed on your computers because we have developed a kind of software which includes all the knowledge of the exam. We understand your drive of the certificate, so you have a focus already and that is a good start. The sources and content of our AA Latest Exam Duration practice dumps are all based on the real AA Latest Exam Duration exam.
All AA Valid Test Practice online tests begin somewhere, and that is what the AA Valid Test Practice training course will do for you: create a foundation to build on. Study guides are essentially a detailed AA Valid Test Practice tutorial and are great introductions to new AA Valid Test Practice training courses as you advance. The content is always relevant, and compound again to make you pass your AA Valid Test Practice exams on the first attempt.
We believe that you will like our CPA AA Valid Test Practice exam prep.
With three versions of products, our AA Valid Test Practice learning questions can satisfy different taste and preference of customers with different use: PDF & Software & APP versions. Without ambiguous points of questions make you confused, our AA Valid Test Practice practice materials can convey the essence of the content suitable for your exam. With our AA Valid Test Practice exam guide, you will achieve what you are expecting with ease.
Our AA Valid Test Practice learning quiz can relieve you of the issue within limited time. Our website provides excellent AA Valid Test Practice learning guidance, practical questions and answers, and questions for your choice which are your real strength.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
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
QUESTION NO: 5
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
The EMC D-PST-MN-A-24 test torrent also offer a variety of learning modes for users to choose from, which can be used for multiple clients of computers and mobile phones to study online, as well as to print and print data for offline consolidation. Of course, if you encounter any problems during free trialing, feel free to contact us and we will help you to solve all problems on the SAP C_DBADM_2404 practice engine. By imparting the knowledge of the Salesforce CRT-251 exam to those ardent exam candidates who are eager to succeed like you, they treat it as responsibility to offer help. The Salesforce Salesforce-MuleSoft-Developer-II prep guide adopt diversified such as text, images, graphics memory method, have to distinguish the markup to learn information, through comparing different color font, as well as the entire logical framework architecture, let users on the premise of grasping the overall layout, better clues to the formation of targeted long-term memory, and through the cycle of practice, let the knowledge more deeply printed in my mind. We can claim that if you study with our Adobe AD0-E207 practice engine for 20 to 30 hours, then you will be sure to pass the exam.
Updated: May 26, 2022