Read the overview below and complete the activities that follow.

Companies can retain public accountants to perform three types of attest services related to their financial statements. These three are audits, reviews, and agreed-upon procedures.

Concept Review:

Accountants can provide different levels of assurance on financial statements. The levels vary with the amount of evidence or procedures needed and the amount of assurance provided. The most frequent types are audits, reviews, and agreed upon procedures.

1.The suitable criteria in a financial statement audit are set forth in the financial reporting framework selected by management, often ______________

2. An ______________ provides the highest form of assurance CPAs can offer.

3. A ____________ is generally limited to inquiry and analytical procedures.

4. In an ________________, the risk of material misstatement is low.

5. A ______________ report includes the wording that "we are not aware of any material modifications...".