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

• balance sheet
• claims, litigation, and assessments
• disclosure checklist
• factual (known)
• human resources ("hr" or personnel)
• misstatements
• paymaster
• pro forma
• qualified or adverse
• representation letter
• Subsequent eventubsequent event

1.The ______________ department of the company should authorize changes in employee pay rates

.2.When paper paychecks are issued, the company's _____________ should distribute them to the employees of the company.

3.A __________ is a list of all specific disclosures required by financial accounting standards

.4.The primary purpose of the __________ is to have the client's principal officers acknowledge that they are primarily responsible for the fairness of the financial statements

.5.In estimating the total likely misstatement in the financial statements, the auditors should combine __________ misstatements, projected misstatements, and judgmental misstatements.