Though the content is the same, but their displays are totally different and functionable. We have handled professional AA New Study Guide Free Download practice materials for over ten years. Our experts have many years’ experience in this particular line of business, together with meticulous and professional attitude towards jobs. In order to prevent your life from regret and remorse, you should seize every opportunity which can change lives passibly. Did you do it? Omgzlook's CPA AA New Study Guide Free Download exam training materials can help you to achieve your success. They are time-tested AA New Study Guide Free Download learning materials, so they are classic.
Certified Public Accountant AA It will not cause you any trouble.
If you can successfully pass the AA - Audit & Insurance New Study Guide Free Download exam with the help of our Omgzlook, we hope you can remember our common efforts. When the some candidates through how many years attempted to achieve a goal to get Reliable Exam AA Dumps Free certification, had still not seen success hope, candidate thought always depth is having doubts unavoidably bog: can I get Reliable Exam AA Dumps Free certification? When can I get Reliable Exam AA Dumps Free certification? In this a succession of question behind, is following close on is the suspicion and lax. In fact, passing Reliable Exam AA Dumps Free certification exam is just a piece of cake!
You don't need to worry about how difficulty the exams are. Omgzlook release the best high-quality AA New Study Guide Free Download exam original questions to help you most candidates pass exams and achieve their goal surely. Obtaining an IT certification shows you are an ambitious individual who is always looking to improve your skill set.
Come and buy our CPA AA New Study Guide Free Download exam guide!
If you are forced to pass exams and obtain certification by your manger, our AA New Study Guide Free Download original questions will be a good choice for you. Our products can help you clear exams at first shot. We promise that we provide you with best quality AA New Study Guide Free Download original questions and competitive prices. We offer 100% pass products with excellent service. We provide one year studying assist service and one year free updates downloading of CPA AA New Study Guide Free Download exam questions. If you fail exam we support to exchange and full refund.
Up to now, many people have successfully passed the AA New Study Guide Free Download exam with our assistance. So you need to be brave enough to have a try.
AA PDF DEMO:
QUESTION NO: 1
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: 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
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
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: 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
The exam simulation will mark your mistakes and help you play well in EMC D-VPX-OE-A-24 practice test. And all of the PDF version, online engine and windows software of the Splunk SPLK-2003 study guide will be tested for many times. Our team always checked and revised EMC D-GAI-F-01 dumps pdf to ensure the accuracy of our preparation study materials. You can take part in the real Dell D-PDPS4400-A-01 exam after you have memorized all questions and answers accurately. Dear everyone, you can download the Dell D-PDPS-A-01 free demo for a little try.
Updated: May 26, 2022