To help people pass exam easily, we bring you the latest AA Latest Exam Questions Answers exam prep for the actual test which enable you get high passing score easily in test. Our study materials are the up-to-dated and all AA Latest Exam Questions Answers test answers you practiced are tested by our professional experts. Once you have well prepared with our AA Latest Exam Questions Answers dumps collection, you will go through the formal test without any difficulty. You just need to remember the answers when you practice AA Latest Exam Questions Answers real questions because all materials are tested by our experts and professionals. Our AA Latest Exam Questions Answers study guide will be your first choice of exam materials as you just need to spend one or days to grasp the knowledge points of AA Latest Exam Questions Answers practice exam. So the AA Latest Exam Questions Answers questions & answers are valid and reliable to use.
Certified Public Accountant AA Never feel sorry to invest yourself.
Our experts offer help by diligently working on the content of AA - Audit & Insurance Latest Exam Questions Answers learning questions more and more accurate. With the help of our hardworking experts, our AA Valid Exam Collection Pdf exam braindumps have been on the front-front of this industry and help exam candidates around the world win in valuable time. With years of experience dealing with exam, they have thorough grasp of knowledge which appears clearly in our AA Valid Exam Collection Pdf actual exam.
The AA Latest Exam Questions Answers prep torrent we provide will cost you less time and energy. You only need relatively little time to review and prepare. After all, many people who prepare for the AA Latest Exam Questions Answers exam, either the office workers or the students, are all busy.
CPA AA Latest Exam Questions Answers - Join us soon.
Up to now, there are three versions of AA Latest Exam Questions Answers exam materials for your choice. So high-quality contents and flexible choices of AA Latest Exam Questions Answers learning mode will bring about the excellent learning experience for you. Though the content of these three versions of our AA Latest Exam Questions Answers study questions is the same, their displays are totally different. And you can be surprised to find that our AA Latest Exam Questions Answers learning quiz is developed with the latest technologies as well.
The good news is that according to statistics, under the help of our AA Latest Exam Questions Answers learning dumps, the pass rate among our customers has reached as high as 98% to 100%. It is strongly proved that we are professonal in this career and our AA Latest Exam Questions Answers exam braindumps are very popular.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
When performing risk assessment procedures and related activities to obtain an understanding of the entity and its environment, including the entity's internal control, required by ISA 315, the auditor shall perform certain procedures to obtain information for use in identifying the risks of material misstatement due to fraud.
Which of the following is not a part of an entity's risk assessment process?
A. Identify relevant business risks
B. Assess the likelihood of occurrence
C. Decide upon actions to manage the risks
D. Report the process to the auditors
Answer: D
QUESTION NO: 5
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
If you choose our nearly perfect SAP C-ARP2P-2404practice materials with high quality and accuracy, our SAP C-ARP2P-2404 training questions can enhance the prospects of victory. IBM C1000-178 - We provide the best service to the client and hope the client can be satisfied. All contents of EXIN PR2F training prep are made by elites in this area rather than being fudged by laymen. Within one year, we will send the latest version to your mailbox with no charge if we have a new version of ISACA CRISC learning materials. During your use of our Cisco 300-630 learning materials, we also provide you with 24 hours of free online services.
Updated: May 26, 2022