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