Match the appropriate terms from the list provided to the definitions. Definitions A component of internal control - policies and procedures that help ensure that management directives are carried out. The audit procedures designed to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion level. Areas where material misstatements due to error or fraud could occur in a flow of transactions or in the sourcing and preparation of information that affects a relevant financial statement assertion. A sampling technique used to reach a conclusion about a population in terms of a rate (frequency) of occurrence