Select the necessary words from the list of possibilities to complete the following statements Statements Performing certain audit procedures at an interim date, rather than at the balance sheet date, results in additional be controlled by the auditors. 2 Tests of balances and transactions designed to detect material misstatements are called 1 3 The 4 Audit procedures that are focused on the effectiveness of internal control are called 5. Assertions are 6 provides an overview which includes the nature, timing and extent of procedures to be performed in an audit. 7 The term that are set forth in the financial statements. The authenticity and accuracy of an account receivable may be tested by account to supporting documents. refers to the process of determining that transactions are reflected in the proper accounting period 8 Audit risk at the account balance level consists of three components: (1) with the debtor, or by vouching entries in the that must (2) control risk and (3) detection risk. Answer

Sofect the necessary words from the list of posssbites to complete the following statements