Secondly, the price of the AA Valid Study Questions Book study materials is favourable. Our content and design of the AA Valid Study Questions Book exam questions have laid a good reputation for us. Our users are willing to volunteer for us. In order to meet a wide range of tastes, our company has developed the three versions of the AA Valid Study Questions Book preparation questions, which includes PDF version, online test engine and windows software. According to your own budget and choice, you can choose the most suitable one for you. We will also provide some discount for your updating after a year if you are satisfied with our AA Valid Study Questions Book exam prepare.
Certified Public Accountant AA We will never neglect any user.
Certified Public Accountant AA Valid Study Questions Book - Audit & Insurance And we will give some discounts from time to time. After your payment is successful, we will send you an email within 5 to 10 minutes. As long as you click on the link, you can use Exam AA Materials learning materials to learn.
They are unsuspecting experts who you can count on. Without unintelligible content within our AA Valid Study Questions Book study tool, all questions of the exam are based on their professional experience in this industry. Besides, they made three versions for your reference, the PDF, APP and Online software version.
CPA AA Valid Study Questions Book - Then I tell you this is enough!
Among global market, AA Valid Study Questions Book guide question is not taking up such a large share with high reputation for nothing. And we are the leading practice materials in this dynamic market. To facilitate your review process, all questions and answers of our AA Valid Study Questions Book test question is closely related with the real exam by our experts who constantly keep the updating of products to ensure the accuracy of questions, so all AA Valid Study Questions Book guide question is 100 percent assured. We make AA Valid Study Questions Book exam prep from exam candidate perspective, and offer high quality practice materials with reasonable prices but various benefits.
The efficiency of our AA Valid Study Questions Book exam braindumps has far beyond your expectation. On one hand, our AA Valid Study Questions Book study materials are all the latest and valid exam questions and answers that will bring you the pass guarantee.
AA PDF DEMO:
QUESTION NO: 1
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: 2
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: 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
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
QUESTION NO: 5
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
Lpi 303-300 - Once you decide to buy, you will have many benefits like free update lasting one-year and convenient payment mode. So choosing appropriate Amazon SAA-C03 test guide is important for you to pass the exam. Being the most competitive and advantageous company in the market, our SAP P-BTPA-2408 practice quiz have help tens of millions of exam candidates realize their dreams all these years. Our SAP C_THR92_2405 study questions not only have three different versions for our customers to choose and enjoy the convenience and preasure in the varied displays. Their enrichment is dependable and reliable on the SAP C_THR85_2405 training braindumps.
Updated: May 26, 2022