Secondly if you want to get the free updates not just for one year, you want to still get the new version of CPA AA Valid Study Questions Files valid exam collection materials after one year, you share 50% discount for the second year. If you are determined to purchase our AA Valid Study Questions Files valid exam collection materials for your companies, if you pursue long-term cooperation with site, we will have some relate policy. Firstly we provide one-year service warranty for every buyer who purchased AA Valid Study Questions Files valid exam collection materials. Our Omgzlook has been focusing on the changes of AA Valid Study Questions Files exam and studying in the exam, and now what we offer you is the most precious AA Valid Study Questions Files test materials. After you purchase our dump, we will inform you the AA Valid Study Questions Files update messages at the first time; this service is free, because when you purchase our study materials, you have bought all your AA Valid Study Questions Files exam related assistance. And we guarantee that if you failed the certification exam with our AA Valid Study Questions Files pdf torrent, we will get your money back to reduce your loss.
Certified Public Accountant AA Never feel sorry to invest yourself.
Our experts offer help by diligently working on the content of AA - Audit & Insurance Valid Study Questions Files learning questions more and more accurate. With the help of our hardworking experts, our Valid AA Test Questions exam braindumps have been on the front-front of this industry and help exam candidates around the world win in valuable time. With years of experience dealing with exam, they have thorough grasp of knowledge which appears clearly in our Valid AA Test Questions actual exam.
The AA Valid Study Questions Files prep torrent we provide will cost you less time and energy. You only need relatively little time to review and prepare. After all, many people who prepare for the AA Valid Study Questions Files exam, either the office workers or the students, are all busy.
CPA AA Valid Study Questions Files - (PDF, APP, software).
Our AA Valid Study Questions Files test guides have a higher standard of practice and are rich in content. If you are anxious about how to get AA Valid Study Questions Files certification, considering purchasing our AA Valid Study Questions Files study tool is a wise choice and you will not feel regretted. Our learning materials will successfully promote your acquisition of certification. Our AA Valid Study Questions Files qualification test closely follow changes in the exam outline and practice. In order to provide effective help to customers, on the one hand, the problems of our AA Valid Study Questions Files test guides are designed fitting to the latest and basic knowledge. For difficult knowledge, we will use examples and chart to help you learn better. On the other hand, our AA Valid Study Questions Files test guides also focus on key knowledge and points that are difficult to understand to help customers better absorb knowledge. Only when you personally experience our AA Valid Study Questions Files qualification test can you better feel the benefits of our products. Join us soon.
Up to now, there are three versions of AA Valid Study Questions Files exam materials for your choice. So high-quality contents and flexible choices of AA Valid Study Questions Files learning mode will bring about the excellent learning experience for you.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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: 4
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: 5
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
The good news is that according to statistics, under the help of our VMware 2V0-31.24 learning dumps, the pass rate among our customers has reached as high as 98% to 100%. If you choose our nearly perfect Splunk SPLK-2003practice materials with high quality and accuracy, our Splunk SPLK-2003 training questions can enhance the prospects of victory. Before you buy our product, you can download and try out it freely so you can have a good understanding of our Cisco 700-805 quiz prep. All contents of HP HPE6-A85 training prep are made by elites in this area rather than being fudged by laymen. Within one year, we will send the latest version to your mailbox with no charge if we have a new version of Microsoft MB-280 learning materials.
Updated: May 26, 2022