For example, the PDF version is convenient for you to download and print our AA Reliable Exam Camp Questions test torrent and is suitable for browsing learning. If you use the PDF version you can print our AA Reliable Exam Camp Questions guide torrent on the papers and it is convenient for you to take notes. You learn our AA Reliable Exam Camp Questions test torrent at any time and place. It only takes 20 hours for you to complete the training course and then easily pass your first time to attend CPA certification AA Reliable Exam Camp Questions exam. You will not regret to choose Omgzlook, because choosing it represents the success. In addition, the buying process of our AA Reliable Exam Camp Questions exam prep is very convenient and significant.
Certified Public Accountant AA It is absolutely trustworthy website.
So you totally can control the AA - Audit & Insurance Reliable Exam Camp Questions study materials flexibly. Many times getting a right method is important and more efficient than spending too much time and money in vain. Our Omgzlook team devote themselves to studying the best methods to help you pass AA Latest Braindumps Ppt exam certification.
Secondly, the price of our AA Reliable Exam Camp Questions learning guide is quite favourable than the other websites'. AA Reliable Exam Camp Questions study guide can bring you more than you wanted. After you have used our products, you will certainly have your own experience.
CPA AA Reliable Exam Camp Questions - Or you can choose to free update your exam dumps.
With the development of society, the AA Reliable Exam Camp Questions certificate in our career field becomes a necessity for developing the abilities. Passing the AA Reliable Exam Camp Questions and obtaining the certificate may be the fastest and most direct way to change your position and achieve your goal. And we are just right here to give you help. Being considered the most authentic brand in this career, our professional experts are making unremitting efforts to provide our customers the latest and valid {CertName} exam simulation.
You will find some exam techniques about how to pass AA Reliable Exam Camp Questions exam from the exam materials and question-answer analysis provided by our Omgzlook. Besides, to make you be rest assured of our dumps, we provide AA Reliable Exam Camp Questions exam demo for you to free download.
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
But we can help all of these candidates on IBM C1000-154 study questions. Continuous update of the exam questions, and professional analysis from our professional team have become the key for most candidates to pass Cisco 300-815 exam. So let our CompTIA 220-1101 practice guide to be your learning partner in the course of preparing for the exam, it will be a wise choice for you to choose our CompTIA 220-1101 study dumps. EMC D-PEMX-DY-23 - To pass this exam also needs a lot of preparation. After nearly ten years' efforts, now our company have become the topnotch one in the field, therefore, if you want to pass the Tableau TDS-C01 exam as well as getting the related certification at a great ease, I strongly believe that the Tableau TDS-C01 study materials compiled by our company is your solid choice.
Updated: May 26, 2022