II. Completion - There are a series of statements below that have blank spaces. Please fill in the blank space with the word or words that complete the statement, so that each is correct. (20 blanks, 1 point each, 20 points total). 1. A comfort leter is a letter to the regarding compliance with the Securities Act of 1933. 2. Personal financial statements do not include an Income Statement. Instead they include a 3. The SSARS include guidance for these types of engagements including preparation of financial statements, reviews, and 4. The Management's Discussion & Analysis (MD&A) is a specialized report sent to the 5. An audit of "agreed upon procedures may be used by any third party. 6. ABC Corp. has a 10% interest in the capital stock of XYZ Corp. On Jan. 15, 202X, the Board of Directors of XYZ Corp. declared a $1 per share cash dividend on its common stock. To verify the proper recording of this transaction compare the with the cash receipts journal 7. The Simon Co. wants to improve efficiency. The Sales Manager suggests that his sales personnel have sufficient time to handle sales to customers, and also handle sales returns & allowances. If you were the auditor, this would be viewed as an example of 8. When an auditor requests that a customer of his client ought to confirm the amount of accounts receivable due his client, this is an example of a confirmation. 80 God OOD F F8 F10 F11 A $ 4 % 5 * & 7 ) 6 8 9 0 R . Y - 0 P P