Question: Can you help with the question below? Select the necessary words from the list of possibilities to complete the following statements. Audit procedures that are

Can you help with the question below?

Can you help with the question below? Select the necessary words from

Select the necessary words from the list of possibilities to complete the following statements. Audit procedures that are focused on the effectiveness of intemal control are called Assertions are that are set forth in the nancial statements. Audit n'sk at the account balance level consists ofthree components: {1} , {2} control risk and (3) detection risk. Tests of balances and transactions designed to detect material misstatements are called Performing certain audit procedures at an interim date, rather than at the balance sheet date, results in additional 5' be controlled by the auditors. 6. The term refers to the process of determining that transactions are reflected in the proper accounting period. if. The authenticity and accuracy of an account receivable may be tested by with the debtor, or by vouching entries in the account to supporting documents. 8. The provides an overview which includes the nature. timing and extent of procedures to be performed in an audit

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