How to pass the AA Latest Practice Questions Ppt exam and gain a certificate successfully is of great importance to people who participate in the exam. Here our company can be your learning partner and try our best to help you to get success in the AA Latest Practice Questions Ppt exam. Why should you choose our company with AA Latest Practice Questions Ppt preparation braindumps? We have the leading brand in this carrer and successfully help tens of thousands of our customers pass therir AA Latest Practice Questions Ppt exam and get admired certification. The users of AA Latest Practice Questions Ppt exam dumps cover a wide range of fields, including professionals, students, and students of less advanced culture. This is because the language format of our study materials is easy to understand. The last but not least, we can provide you with a free trial service, so that customers can fully understand our format before purchasing our AA Latest Practice Questions Ppt training guide, which can be an unparalleled trial experience compared to other counterparts.
Certified Public Accountant AA Never stop challenging your limitations.
It can be said that AA - Audit & Insurance Latest Practice Questions Ppt test guide is the key to help you open your dream door. Now, our Latest AA Exam Dumps Sheet training materials will help you master the popular skills in the office. With our Latest AA Exam Dumps Sheet exam braindumps, you can not only learn the specialized knowledge of this subject to solve the problems on the work, but also you can get the Latest AA Exam Dumps Sheet certification to compete for a higher position.
And the quality of our exam dumps are very high! The procedures of buying our AA Latest Practice Questions Ppt study materials are simple and save the clients’ time. We will send our AA Latest Practice Questions Ppt exam question in 5-10 minutes after their payment.
CPA AA Latest Practice Questions Ppt - But this is still not enough.
When you decide to pass the AA Latest Practice Questions Ppt exam and get relate certification, you must want to find a reliable exam tool to prepare for exam. That is the reason why I want to recommend our AA Latest Practice Questions Ppt prep guide to you, because we believe this is what you have been looking for. Moreover we are committed to offer you with data protect act and guarantee you will not suffer from virus intrusion and information leakage after purchasing our AA Latest Practice Questions Ppt guide torrent. The last but not least we have professional groups providing guidance in terms of download and installment remotely.
I think with this certification, all the problems will not be a problem. However, to pass this certification is a bit difficult.
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
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
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
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
Dell DC0-200 - You may try it! EMC D-VXR-DS-00 - It is famous for the most comprehensive and updated by the highest rate. Passing Microsoft AZ-140 exam can help you find the ideal job. Although you are busy working and you have not time to prepare for the exam, you want to get CPA IBM C1000-172 certificate. However, our Splunk SPLK-1005 training materials can offer better condition than traditional practice materials and can be used effectively.
Updated: May 26, 2022