For each of the following items, match the relevant term with the situation that is occurring near the end of the audit. Some items may

have more than one answer. The terms may be used once, more than once, or not at all.

a$.$ An individual in the firm who is not on the

engagement team but who evaluates the

conclusions reached in formulating the opinion.

b$.$ Items required to be communicated to those

charged with governance that are unique to the

PCAOB standards.

c$.$ Documentation that is supplemental evidence

related to inquiries made of management during

the audit.

d$.$ Procedures used to assist the auditor in forming

an overall conclusion about whether the

financial statements are consistent with the

auditor's understanding of the entity.

e$.$ Form of communication sent with the client's

permission to obtain information about

litigation, claims, and assessments.

f$.$ At a small private company client, this function

falls to the four partners in the company.

g$.$ Shortly after year$-$end, the client receives an

insurance settlement that was estimated on the

year$-$end financial statements.

h$.$ The difference between management's estimate

and the auditor's recommended estimate for a

financial statement item.You have learned about many activities that occur near the end of the audit as the auditors complete their documentation and draw

conclusions about the fair presentation of the financial statements. Listed below are terms associated with activities that occur near

the end of the audit.

Loss contingency.

Type I subsequent event.

Type Il subsequent event.

Legal letter.

Analytical procedures.

Misstatement.

Engagement partner.

Engagement quality control reviewer.

Those charged with governance.

Reasonable period of time.

Management representation letter.

Critical accounting estimates.

Critical accounting policies and practices.