However, when asked whether the AA Latest Study Guide Ebook latest dumps are reliable, costumers may be confused. For us, we strongly recommend the AA Latest Study Guide Ebook exam questions compiled by our company, here goes the reason. On one hand, our AA Latest Study Guide Ebook test material owns the best quality. On the one hand, you can elevate your working skills after finishing learning our AA Latest Study Guide Ebook study materials. On the other hand, you will have the chance to pass the exam and obtain the AA Latest Study Guide Ebookcertificate, which can aid your daily work and get promotion. Facing the AA Latest Study Guide Ebook exam this time, your rooted stressful mind of the exam can be eliminated after getting help from our AA Latest Study Guide Ebook practice materials.
Certified Public Accountant AA For it also supports the offline practice.
As AA - Audit & Insurance Latest Study Guide Ebook exam questions with high prestige and esteem in the market, we hold sturdy faith for you. To ensure a more comfortable experience for users of Complete AA Exam Dumps test material, we offer a thoughtful package. Not only do we offer free demo services before purchase, we also provide three learning modes for users.
As the captioned description said, our AA Latest Study Guide Ebook practice materials are filled with the newest points of knowledge about the exam. With many years of experience in this line, we not only compile real test content into our AA Latest Study Guide Ebook learning quiz, but the newest in to them. And our professionals always keep a close eye on the new changes of the subject and keep updating the AA Latest Study Guide Ebook study questions to the most accurate.
CPA AA Latest Study Guide Ebook - Come on!
The passing rate is the best test for quality of our AA Latest Study Guide Ebook study materials. And we can be very proud to tell you that the passing rate of our AA Latest Study Guide Ebook Exam Questions is almost 100%. That is to say, as long as you choose our study materials and carefully review according to its content, passing the AA Latest Study Guide Ebook exam is a piece of cake. We're definitely not exaggerating. If you don't believe, you can give it a try.
We introduce a free trial version of the AA Latest Study Guide Ebook learning guide because we want users to see our sincerity. AA Latest Study Guide Ebook exam prep sincerely hopes that you can achieve your goals and realize your dreams.
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
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: 4
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: 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
We always strictly claim for our Salesforce Nonprofit-Cloud-Consultant study materials must be the latest version, to keep our study materials up to date, we constantly review and revise them to be at par with the latest CPA syllabus for Salesforce Nonprofit-Cloud-Consultant exam. Don't worry about channels to the best Dell D-PV-DY-A-00 study materials so many exam candidates admire our generosity of offering help for them. Network Appliance NS0-I01 - So, buy our products immediately! ACAMS CAMS - All we do and the promises made are in your perspective. If you are the first time to prepare the EMC D-MN-OE-23 exam, it is better to choose a type of good study materials.
Updated: May 26, 2022