Matching Problem:

1. A list of audit procedures for testing accounts receivable. 2. The amount that if exceeded, makes a difference to the user. 3. The auditor examines the overall fairness of the presentation of financial position, results of operations, and cash flows in accordance with GAAP. 4. The auditor reviews the aged trial balance for significant past due accounts as an audit procedure to ensure the allowance for doubtful accounts is properly recorded. 5. An auditor asks management a question, receives an answer, and proceeds to corroborate the answer. The auditor is demonstrating _________. 6. Professional services where an auditor testifies as an expert witness in accounting, auditing, or tax matters. 7. The auditor examines the effectiveness of organizations, programs, activities, or functions of an entity. 8. The auditor physically examines all major property and equipment additions as an audit procedure to ensure that all additions were actually acquired. 9. An audit of a companys disposal procedures related to hazardous materials. 10. An auditor has no personal relationships with management personnel at his audit client. 11. The state Department of Education wants to know if hiring practices in various school districts meet state law guidelines. A report is sent to the Dept. of Education. 12. The auditor examines loan documentation to verify the client opened new loans with the bank for the year under audit as an audit procedure to ensure the loans are the client loans. 13. The particular and specialized actions that auditors undertake to obtain evidence in a specific audit engagement are known as ___________. 14. The client instituted an internal control function, which improves this audit risk assessment. 15. Auditing guidance that ensures audit consistency from audit to audit.

All Answer Choices:

A.Professional Skepticism B.Single Audit C.Attestation D.Audit Procedures E.Assurance F.Environment Audit G.Valuation or Allocation H.Audit I.Existence or Occurrence J.Control Risk K.Completeness L.Performance Audit M.Audit Program N.Presentation and Disclosure O.Materiality P.Independence Q.Audit Risk R.Rights and Obligations S.Audit Standard T.Inherent Risk