CPA AA Latest Study Questions Files is a very important certification exam in the IT industry and passing CPA certification AA Latest Study Questions Files exam is very difficult. But in order to let the job position to improve spending some money to choose a good training institution to help you pass the exam is worthful. Omgzlook's latest training material about CPA certification AA Latest Study Questions Files exam have 95% similarity with the real test. It is a professional exam materials that the IT elite team specially tailored for you. Passed the exam certification in the IT industry will be reflected in international value. So IT professionals to enhance their knowledge through CPA AA Latest Study Questions Files exam certification.
Certified Public Accountant AA So, the competition is in fierce in IT industry.
We will be with you in every stage of your AA - Audit & Insurance Latest Study Questions Files exam preparation to give you the most reliable help. Instead of wasting your time on preparing for Braindumps AA Pdf exam, you should use the time to do significant thing. Therefore, hurry to visit Omgzlook to know more details.
If you are tired with the screen for study, you can print the AA Latest Study Questions Files pdf dumps into papers. With the pdf papers, you can write and make notes as you like, which is very convenient for memory. We can ensure you pass with CPA study torrent at first time.
CPA AA Latest Study Questions Files - And then, you can learn anytime, anywhere.
Now you can think of obtaining any CPA certification to enhance your professional career. Omgzlook's study guides are your best ally to get a definite success in AA Latest Study Questions Files exam. The guides contain excellent information, exam-oriented questions and answers format on all topics of the certification syllabus. With 100% Guaranteed of Success: Omgzlook’s promise is to get you a wonderful success in AA Latest Study Questions Files certification exams. Select any certification exam, AA Latest Study Questions Files dumps will help you ace it in first attempt. No more cramming from books and note, just prepare our interactive questions and answers and learn everything necessary to easily pass the actual AA Latest Study Questions Files exam.
The clients can download our AA Latest Study Questions Files exam questions and use our them immediately after they pay successfully. Our system will send our AA Latest Study Questions Files learning prep in the form of mails to the client in 5-10 minutes after their successful payment.
AA PDF DEMO:
QUESTION NO: 1
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: 2
Internal auditors and management have become increasingly concerned about computer fraud.
Which of the following control procedures would be least important in preventing computer fraud?
A. Programme change control that requires a distinction between production programmes and test programmes.
B. Testing of new applications by users during the systems development process.
C. Segregation of duties between the applications programmer and the programme librarian function.
D. Segregation of duties between the programmer and systems analyst.
Answer: D
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
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: 5
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
24/7 customer support is favorable to candidates who can email us if they find any ambiguity in the Cisco 300-635 exam dumps, our support will merely reply to your all Cisco 300-635 exam product related queries. Our experts have plenty of experience in meeting the requirement of our customers and try to deliver satisfied Palo Alto Networks PCNSA exam guides to them. Network Appliance NS0-I01 - Hence, if you need help to get certified, you are in the right place. Every day they are on duty to check for updates of EMC D-RP-OE-A-24 study materials for providing timely application. SAP P_S4FIN_2023 - They are some brief introductions and basic information but also impressive.
Updated: May 26, 2022