Match each term to the statement that best describes or relates to it.

(1) The auditor's risk of loss from being affiliated with a particular audit client.

(2) The COSO component that includes properly presenting transactions and related disclosures in the financial statements.

(3) Evidence that signals the true state of a management assertion.

(4) Corporate culture that underpins all other COSO components.

(5) Minimum standards of performance for an auditor.

(6) An audit test that provides evidence about controls and account balances.

(7) Has primary responsibility for preventing fraud in an organization.

(8) Audit tests that are required when planning the audit and during the overall review of financial statements.

(9) An audit approach that does not rely on internal controls.

(10) All entries recorded represent valid transactions.

(11) Used to test the management assertion of completeness.

(12) Reduces the balance of Accounts Payable

(13) The inability of a client's system of internal control to prevent or detect material misstatements.

(14) Serves as the basis for recording a vendor's invoice in the purchases journal.

(15) An audit test that obtains evidence about account balances directly from third parties.

(16) Issuing an unqualified opinion when a qualified or adverse opinion is appropriate.

(17) The failure of audit procedures to identify material misstatements.

(18) Independent professional services that improve the quality of information for decision-makers.

(19) A deficiency in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

(20) The chance that an audit test will reach incorrect conclusions because the characteristics of the sample differ from that of the population.

a. information & communication

b. Reliable

c. audit risk

d. engagement risk

f. analytical procedures

g. occurrence

h. Material weakness

i. substantive strategy

j. debit memo

k. detection risk

l. tracing

m. management

n. confirmation

o. control environment

p. Voucher

q. statements on auditing standards

r. assurance services

s. dual-purpose test

t. sampling risk