It includes questions and answers, and issimilar with the real exam questions. This really can be called the best training materials. Everyone has their own life planning. We have clear data collected from customers who chose our AA Download Free Dumps For practice braindumps, and the passing rate is 98-100 percent. So your chance of getting success will be increased greatly by our AA Download Free Dumps For study questions. Start your new journey, and have a successful life.
Certified Public Accountant AA The results are accurate.
Certified Public Accountant AA Download Free Dumps For - Audit & Insurance We promise during the process of installment and payment of our Audit & Insurance prep torrent, the security of your computer or cellphone can be guaranteed, which means that you will be not afraid of virus intrusion and personal information leakage. You cannot always stay in one place. So the three versions of the Reliable Exam AA Dumps Free study materials are suitable for different situations.
With many advantages such as immediate download, simulation before the real exam as well as high degree of privacy, our AA Download Free Dumps For actual exam survives all the ordeals throughout its development and remains one of the best choices for those in preparation for AA Download Free Dumps For exam. Many people have gained good grades after using our AA Download Free Dumps For real dumps, so you will also enjoy the good results. Don’t hesitate any more.
CPA AA Download Free Dumps For - We provide one –year free updates; 3.
Perhaps you have wasted a lot of time to playing computer games. It doesn’t matter. It is never too late to change. There is no point in regretting for the past. Our AA Download Free Dumps For exam questions can help you compensate for the mistakes you have made in the past. You will change a lot after learning our AA Download Free Dumps For study materials. And most of all, you will get reward by our AA Download Free Dumps For training engine in the least time with little effort.
If you master all key knowledge points, you get a wonderful score. If you choose our AA Download Free Dumps For exam review questions, you can share fast download.
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
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: 4
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: 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
It is known to us that more and more companies start to pay high attention to the SAP C-S4CS-2408 certification of the candidates. We offer you the most accurate Microsoft DP-203-KR exam answers that will be your key to pass the certification exam in your first try. Dell D-AX-RH-A-00 - So stop hesitation and buy our study materials. Preparing for the EMC D-PSC-MN-23 real exam is easier if you can select the right test questions and be sure of the answers. So you just need to memorize our correct questions and answers of the EMC D-ECS-DS-23 study materials.
Updated: May 26, 2022