Select the necessary words from the list of possibilities to complete the following statements. Statements 1. Tests of controls and are referred to as further audit procedures. The examination of large data sets to uncover hidden patterns, unknown correlations and other useful 2. information is referred to as A letter signed by officers of the client company at the auditors' request which sets forth certain assertions 3. about the company's financial position and operations is known as a 4. The is a schedule listing the balances of accounts in the client's general ledger. The auditors develop 5. client's accounting records. to recommend to management to correct the effects of errors or fraud in the Without regard to the effect of controls, 6. have a reasonable possibility of containing a misstatement that could cause the financial statements to be materially misstated. 7. The term relates to the quantity of evidence that the auditors should obtain. is a type of documentary evidence transmitted directly to the auditors by a third party (e.g., a 8. customer or a vender).

Select the necessary words from the list of possibilities to complete the following statements. Statements 1. Tests of controls and are referred to as further audit procedures. The examination of large data sets to uncover hidden patterns, unknown correlations and other useful 2. information is referred to as A letter signed by officers of the client company at the auditors' request which sets forth certain assertions 3. about the company's financial position and operations is known as a 4. The is a schedule listing the balances of accounts in the client's general ledger. The auditors develop 5. client's accounting records. to recommend to management to correct the effects of errors or fraud in the Without regard to the effect of controls, 6. have a reasonable possibility of containing a misstatement that could cause the financial statements to be materially misstated. 7. The term relates to the quantity of evidence that the auditors should obtain. is a type of documentary evidence transmitted directly to the auditors by a third party (e.g., a 8. customer or a vender).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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