Therefore, our AA Valid Practice Exam Online study materials are attributive to high-efficient learning. The immediate downloading feature of our AA Valid Practice Exam Online study materials is an eminent advantage of our products. Once the pay is done, our customers will receive an e-mail from our company. Our AA Valid Practice Exam Online exam quiz is so popular not only for the high quality, but also for the high efficiency services provided which owns to the efforts of all our staffs. First of all, if you are not sure about the AA Valid Practice Exam Online exam, the online service will find the most accurate and all-sided information for you, so that you can know what is going on about all about the exam and make your decision to buy AA Valid Practice Exam Online study guide or not. CPA AA Valid Practice Exam Online is one of the important certification exams.
Certified Public Accountant AA They compile each answer and question carefully.
Our CPA certification AA - Audit & Insurance Valid Practice Exam Online exam question bank is produced by Omgzlook's experts's continuously research of outline and previous exam. We can guarantee that our study materials will be suitable for all people and meet the demands of all people, including students, workers and housewives and so on. If you decide to buy and use the Test AA Questions And Answers training materials from our company with dedication on and enthusiasm step and step, it will be very easy for you to pass the exam without doubt.
We can let you spend a small amount of time and money and pass the IT certification exam at the same time. Selecting the products of Omgzlook to help you pass your first time CPA certification AA Valid Practice Exam Online exam is very cost-effective. Omgzlook provide a good after-sales service for all customers.
CPA AA Valid Practice Exam Online - The rate of return will be very obvious for you.
The society has an abundance of capable people and there is a keen competition. Don't you feel a lot of pressure? No matter how high your qualifications, it does not mean your strength forever. Qualifications is just a stepping stone, and strength is the cornerstone which can secure your status. CPA AA Valid Practice Exam Online certification exam is a popular IT certification, and many people want to have it. With it you can secure your career. Omgzlook's CPA AA Valid Practice Exam Online exam training materials is a good training tool. It can help you pass the exam successfully. With this certification, you will get international recognition and acceptance. Then you no longer need to worry about being fired by your boss.
Next, through my introduction, I hope you can have a deeper understanding of our AA Valid Practice Exam Online learning quiz. We really hope that our AA Valid Practice Exam Online practice engine will give you some help.
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
EMC D-PST-OE-23 - So you have to seize this opportunity of Omgzlook. Salesforce ADM-201 - At home, you can use the computer and outside you can also use the phone. Dell D-HCIAZ-A-01 - The high quality exam dumps can produce a wonderful effect. SAP C-THR92-2405 - There are no additional ads to disturb the user to use the Audit & Insurance qualification question. Would you like to register CPA Hitachi HQT-4230 certification test? Would you like to obtain Hitachi HQT-4230 certificate? Without having enough time to prepare for the exam, what should you do to pass your exam? In fact, there are techniques that can help.
Updated: May 26, 2022