Select each of the following terms with the appropriate attributes. No reply is used more than once. Creates a reasonable possibility a material misstatement will
Select each of the following terms with the appropriate attributes. No reply is used more than once.
Creates a reasonable possibility a material misstatement will not be detected.
Follow a transaction through the system.
GAAS
Inquire, inspect, observe, reperform
Inquiries, analytical procedures, observation
Likelihood auditor's procedures will not detect a material misstatement
Merits attention, less than a material weakness
Relevant assertions
Reporting on internal control and financial statements
Risk tolerance of a financial statement user
Tests of controls and planning
User auditor
5.Material weakness 6.|Risk assessment procedures 7. Significant deficiency 8.Suitable criteria 9. Tests of controls GAAP 10. Walk-throughStep by Step Solution
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