Select the necessary words from the list of possibilities to complete the following statements Statements Answer is a type of documentary evidence transmitted directly to the auditors by a third party (eg, a customer or a vender) Without regard to the effect of controls misstatement that could cause the financial statements to be materially misstated have a reasonable possibility of containing a confirmation reply relevant assertions inversely representation letter control 2 3. The amount of evidence that is considered sufficient varies with the reliability of the evidence A letter signed by officers of the client company at the auditors' request which sets forth certain assertions about the company's financial position and operations is known as a The risk of material misstatement is composed of two risks that the auditor assesses, those risks are inherent risk and risk. rmanont filo 6. Working papers of audit interest over an extended period of time should be filed in the permanent file 7. The purpose of an analysis of an account is to illustrate in the account for the period under audit. The audit approach of evaluating financial statement information by a study of relationships among financial and nonfinancial data is analytical procedures