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

• adjusting entries
• analytical procedures
• changes
• confirmation reply
• control
• data analytics
• inversely
• lead schedules
• permanent file
• professional qualifications
• relevant assertions
• representation letter
• substantive procedures
• sufficient
• working trial balance

1. The term__ relates to the quantity of evidence that the auditors should obtain. 2. The amount of evidence that is considered sufficient varies with the reliability of the evidence. The risk of material misstatement is composed of two risks that the auditor assesses, those risks are inherent risk and risk. 4. Tests of controls and are referred to as "further audit procedures." The audit approach of evaluating financial statement information by a study of relationships among financial and nonfinancial data is _ is a type of documentary evidence transmitted directly to the auditors by a third party (e.g., a customer or a vender). In relying upon the work of a specialist, the auditors must ascertain the specialist. and reputation of the 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 Without regard to the effect of controls, have a reasonable possibility of containing a misstatement that could cause the financial statements to be materially misstated. 10. The _ is a schedule listing the balances of accounts in the client's general ledger are used to combine similar general ledger accounts into the total that appears on the 11. Separate working trial balance. 12. Working papers of audit interest over an extended period of time should be filed in the The auditors develop client's accounting records. to recommend to management to correct the effects of errors or fraud in the 14. The purpose of an analysis of an account is to illustrate in the account for the period under audit. 15. The examination of large data sets to uncover hidden patterns, unknown correlations and other useful information is referred to as