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CPA AA Exam With Confidence Using Practice Dumps

Exam Code:
AA
Exam Name:
Audit & Insurance
Certification:
CPA Other Certification
Vendor:
CPA
Questions:
80
Last Updated:
Jun 16, 2025
Exam Status:
Stable
CPA AA

AA: CPA Other Certification Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CPA AA (Audit & Insurance) exam? Download the most recent CPA AA braindumps with answers that are 100% real. After downloading the CPA AA exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CPA AA exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CPA AA exam on your first attempt, we have compiled actual exam questions and their answers. 

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Audit & Insurance Questions and Answers

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Question 1

Panama and Co has been asked to take on the role of internal auditor at one of its clients and would be responsible for implementing its own recommendations.

Which of the following will NOT be considered by external auditors in their assessment of whether to use the work of internal audit?

Options:

A.

To whom the internal audit department of Panama and Co reports

B.

The technical training of the staff of the audit department of Panama and Co

C.

The fact that the fee will fall if much use can be made of internal audit work

D.

Whether internal audit work is properly documented

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Question 2

Auditing standards require that the auditor and the client agree on the terms of the engagement. The agreed terms must be in writing and the usual form would be a letter of engagement. Any other form of appropriate contract, however, may be used.

Which of the following is NOT a benefit of an engagement letter in respect of assurance services?

Options:

A.

Clearly defines the extent of the assurance provider’s responsibilities

B.

Provides written confirmation of the acceptance of the engagement

C.

Confirms the scope of the engagement

D.

Certifies the assurance provider’s opinion

Question 3

The financial statements are the management's responsibility. They should therefore inform the auditors of any material subsequent events between the date of the auditor’s report and the date the financial statements are issued. If, after the date of the auditor's report but before the financial statements are issued, the auditor becomes aware of a fact that, had it been known to the auditor at the date of the auditor’s report, may have caused the auditor to amend the auditor’s report.

In the above situation, which of the following may NOT be an appropriate action taken by the auditor?

Options:

A.

Discuss the matter with the management

B.

Consider whether the financial statements need amendment

C.

Inquire how management intends to address the matter in the financial statements

D.

Issue a new audit report dated no earlier than the date of approval of the amended financial statements

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