We can ensure you a pass rate as high as 99%! The experts in our company have been focusing on the AA Latest Study Guide Free Download examination for a long time and they never overlook any new knowledge. The content of our AA Latest Study Guide Free Download study materials has always been kept up to date. What you can get from the AA Latest Study Guide Free Download certification? Of course, you can get a lot of opportunities to enter to the bigger companies. After you get more opportunities, you can make full use of your talents. The client can decide which AA Latest Study Guide Free Download version to choose according their hobbies and their practical conditions.
Certified Public Accountant AA So our customers can pass the exam with ease.
Our APP online version of AA - Audit & Insurance Latest Study Guide Free Download exam questions has the advantage of supporting all electronic equipment. If you like to use computer to learn, you can use the Software and the APP online versions of the AA Valid Test Dumps File exam questions. If you like to write your own experience while studying, you can choose the PDF version of the AA Valid Test Dumps File study materials.
Our AA Latest Study Guide Free Download preparation exam will be very useful for you if you are going to take the exam. So if you buy our AA Latest Study Guide Free Download guide quiz, it will help you pass your exam and get the certification in a short time, and you will find that our AA Latest Study Guide Free Download study materials are good value for money. Besides, you can enjoy the best after-sales service.
All the help provided by CPA AA Latest Study Guide Free Download test prep is free.
In order to meet the needs of all customers that pass their exam and get related certification, the experts of our company have designed the updating system for all customers. Our AA Latest Study Guide Free Download exam question will be constantly updated every day. The IT experts of our company will be responsible for checking whether our AA Latest Study Guide Free Download exam prep is updated or not. Once our AA Latest Study Guide Free Download test questions are updated, our system will send the message to our customers immediately. If you use our AA Latest Study Guide Free Download exam prep, you will have the opportunity to enjoy our updating system. You will get the newest information about your exam in the shortest time. You do not need to worry about that you will miss the important information, more importantly, the updating system is free for you, so hurry to buy our AA Latest Study Guide Free Download exam question, you will find it is a best choice for you.
Please follow your heart. In a knowledge-based job market, learning is your quickest pathway, your best investment.
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
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: 3
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: 4
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: 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
Oracle 1z0-1042-24 - Remember this version support Windows system users only. Fortinet FCP_FWB_AD-7.4 - Your convenience and demands also deserve our deep consideration. Get the test Microsoft MB-280 certification is not achieved overnight, we need to invest a lot of time and energy to review, and the review process is less a week or two, more than a month or two, or even half a year, so Microsoft MB-280 exam questions are one of the biggest advantage is that it is the most effective tools for saving time for users. All our team of experts and service staff are waiting for your mail on the WGU Principles-of-Management exam questions all the time. Microsoft AI-900 - In other words, we will be your best helper.
Updated: May 26, 2022