With constantly updated CPA pdf files providing the most relevant questions and correct answers, you can find a way out in your industry by getting the AA Valid Exam Questions And Answers certification. Our AA Valid Exam Questions And Answers test engine is very intelligence and can help you experienced the interactive study. In addition, you will get the scores after each AA Valid Exam Questions And Answers practice test, which can make you know about the weakness and strengthen about the AA Valid Exam Questions And Answers real test , then you can study purposefully. With the Software version of our AA Valid Exam Questions And Answers study materilas, you can have the experience of the real exam which is very helpful for some candidates who lack confidence or experice of our AA Valid Exam Questions And Answers training guide. Our company has always been following the trend of the AA Valid Exam Questions And Answers certification. You can click the PDF version or Soft version or the package of CPA AA Valid Exam Questions And Answers latest dumps, add to cart, then you enter your email address, discount (if have) and click payment, then page transfers to credit card payment.
Certified Public Accountant AA Many customers may be doubtful about our price.
Even if you have a week foundation, I believe that you will get the certification by using our AA - Audit & Insurance Valid Exam Questions And Answers study materials. Our exam questions just need students to spend 20 to 30 hours practicing on the platform which provides simulation problems, can let them have the confidence to pass the Valid Test AA Sample Questions exam, so little time great convenience for some workers. It must be your best tool to pass your exam and achieve your target.
As the old saying tells that, he who doesn't go advance will lose his ground. So you will have a positive outlook on life. All in all, abandon all illusions and face up to reality bravely.
CPA AA Valid Exam Questions And Answers - Perhaps you do not understand.
For years our team has built a top-ranking brand with mighty and main which bears a high reputation both at home and abroad. The sales volume of the AA Valid Exam Questions And Answers test practice guide we sell has far exceeded the same industry and favorable rate about our products is approximate to 100%. Why the clients speak highly of our AA Valid Exam Questions And Answers exam dump? Our dedicated service, high quality and passing rate and diversified functions contribute greatly to the high prestige of our products. We provide free trial service before the purchase, the consultation service online after the sale, free update service and the refund service in case the clients fail in the test.
As long as you are convenient, you can choose to use a computer to learn, you can also choose to use mobile phone learning. No matter where you are, you can choose your favorite equipment to study our AA Valid Exam Questions And Answers learning materials.
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
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: 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
Dell D-ISAZ-A-01 - It absolutely has no problem. Watch carefully you will find that more and more people are willing to invest time and energy on the Microsoft AI-900 exam, because the exam is not achieved overnight, so many people are trying to find a suitable way. You may find that there are a lot of buttons on the website which are the links to the information that you want to know about our SAP C_LCNC_2406 exam braindumps. EMC D-UN-OE-23 - Our users are willing to volunteer for us. And if you don't know which one to buy, you can free download the demos of the CompTIA 220-1102 study materials to check it out.
Updated: May 26, 2022