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

	Statements	Answer
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.

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 event