We assure Omgzlook provide you with the latest and the best questions and answers which will let you pass the exam at the first attempt. In order to provide you with the best IT certification exam dumps forever, Omgzlook constantly improve the quality of exam dumps and update the dumps on the basis of the latest test syllabus at any time. Omgzlook is your best choice on the market today and is recognized by all candidates for a long time. Omgzlook have a variety of CPA certification exam questions, we will meet you all about IT certification. In this age of advanced network, there are many ways to prepare CPA AA Latest Exam Passing Score certification exam. You can visit Omgzlook to download our free demo.
Certified Public Accountant AA We guarantee that you can pass the exam easily.
Certified Public Accountant AA Latest Exam Passing Score - Audit & Insurance If not, your usage of our dump this time will make you treat our Omgzlook as the necessary choice to prepare for other IT certification exams later. Omgzlook is a website that provide accurate exam materials for people who want to participate in the IT certification. Omgzlook can help a lot of IT professionals to enhance their career blueprint.
The secret that Omgzlook helps many candidates pass AA Latest Exam Passing Score exam is CPA exam questions attentively studied by our professional IT team for years, and the detailed answer analysis. We constantly updated the AA Latest Exam Passing Score exam materials at the same time with the exam update. We try our best to ensure 100% pass rate for you.
CPA CPA AA Latest Exam Passing Score exam is very popular in IT field.
If you feel unconfident in self-preparation for your AA Latest Exam Passing Score test and want to get professional aid of questions and answers, Omgzlook AA Latest Exam Passing Score test questions materials will guide you and help you to pass the certification exams in one shot. If you want to know our AA Latest Exam Passing Score test questions materials, you can download our free demo now. Our demo is a small part of the complete charged version. Also you can ask us any questions about AA Latest Exam Passing Score exam any time as you like.
After you purchase AA Latest Exam Passing Score exam dumps, you will get a year free updates. Within a year, only if you would like to update the materials you have, you will get the newer version.
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
Excellent CPA IIA IIA-CIA-Part3-CN study guide make candidates have clear studying direction to prepare for your test high efficiently without wasting too much extra time and energy. Choosing the right method to have your exam preparation is an important step to obtain EMC D-ZT-DS-23 exam certification. Firstly we provide one-year service warranty for every buyer who purchased SAP C-HRHFC-2405 valid exam collection materials. EMC D-ZT-DS-23 - The world is changing, so we should keep up with the changing world's step as much as possible. For this reason, all questions and answers in our SAP C-S4CS-2408 valid dumps are certified and tested by our senior IT professionals.
Updated: May 26, 2022