As long as you get to know our AA Latest Test Sample Questions exam questions, you will figure out that we have set an easier operation system for our candidates. Once you have a try, you can feel that the natural and seamless user interfaces of our AA Latest Test Sample Questions study materials have grown to be more fluent and we have revised and updated AA Latest Test Sample Questions learning braindumps according to the latest development situation. Without doubt, we are the best vendor in this field and we also provide the first-class service for you. They have researched the annual real AA Latest Test Sample Questions exam for many years. So once you buy our study materials, you will save a lot of troubles. Our AA Latest Test Sample Questions training materials will continue to pursue our passion for better performance and comprehensive service of AA Latest Test Sample Questions exam.
Certified Public Accountant AA This is a practice test website.
High quality AA - Audit & Insurance Latest Test Sample Questions practice materials leave a good impression on the exam candidates and bring more business opportunities in the future. Omgzlook site has a long history of providing CPA AA Trustworthy Exam Torrent exam certification training materials. It has been a long time in certified IT industry with well-known position and visibility.
Provided that you lose your exam with our AA Latest Test Sample Questions exam questions unfortunately, you can have full refund or switch other version for free. All the preoccupation based on your needs and all these explain our belief to help you have satisfactory and comfortable purchasing services on the AA Latest Test Sample Questions study guide. We assume all the responsibilities our AA Latest Test Sample Questions simulating practice may bring you foreseeable outcomes and you will not regret for believing in us assuredly.
CPA AA Latest Test Sample Questions - As long as the road is right, success is near.
Our Audit & Insurance exam questions are designed by a reliable and reputable company and our company has rich experience in doing research about the study materials. We can make sure that all employees in our company have wide experience and advanced technologies in designing the AA Latest Test Sample Questions study dump. So a growing number of the people have used our study materials in the past years, and it has been a generally acknowledged fact that the quality of the AA Latest Test Sample Questions test guide from our company is best in the study materials market. Now we would like to share the advantages of our AA Latest Test Sample Questions study dump to you, we hope you can spend several minutes on reading our introduction; you will benefit a lot from it.
Using AA Latest Test Sample Questions real questions will not only help you clear exam with less time and money but also bring you a bright future. We are looking forward to your join.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
After using the trial version, we believe that you will be willing to choose Genesys GCX-SCR exam questions. We are confident about our CPA CheckPoint 156-590 braindumps tested by our certified experts who have great reputation in IT certification. EMC D-PVM-DS-23 - In the process of development, it also constantly considers the different needs of users. The frequently updated of EMC D-ECS-DY-23 latest torrent can ensure you get the newest and latest study material. Huawei H12-621_V1.0 - This certification gives us more opportunities.
Updated: May 26, 2022