Select the necessary words from the list of possibilities to complete the following statements. Statements Without regard to the effect of controls, 1. have a reasonable possibility of containing a misstatement that could cause the financial statements to be materially misstated is a schedule listing the balances of accounts in the client's general ledger 3 The audit approach of evaluating financial statement information by a study of relationships among financial and nonfinancial data is are used to combine similar general ledger accounts into the total that appears on the 2. The Separate working trial balance 5. The purpose of an analysis of an account is to illustrate 6 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 4 7. Tests of controls and in the account for the period under audit. are referred to as further audit procedures 8. The risk of material misstatement is composed of two risks that the auditor assesses, those risks are inherent risk and risk Answer

Select the necessary words from the list of possibilities to complete the following statements