PLEASE NOTE THIS IS ALL ONE QUESTION:

Select the necessary words from the list of possibilities to complete the following statements. No answer is used more than once. \begin{tabular}{|l|l|} \hline 1. & The tax and cash basis of accounting are considered __ \\ \hline 2. & StandardsforaCPAsassociationwiththeauditedfinancialstatementsofnonissuersareissuedbytheAuditingStandardsBoard,whereasstandardsforthepreparation,compilationorreviewoftheannualfinancialstatementsofnonissuercompaniesareissuedbythe \\ \hline 3. & \begin{tabular}{l} The procedures applied by the CPAs in a review of financial statements consist primarily of inquiries of management and of \\ \hline 4. \end{tabular} \\ \hline AnengagementdesignedtoprovideareportwithlimitedassurancethatfinancialstatementsarepresentedinconformitywithGAAPistermeda \\ \hline 5. & Financialstatementaccountingservicesthataredesignedtoprovidenoassuranceornosummaryoffindingsonthefinancialstatementsare \\ \hline 6. & TheprofessionalstandardsoftheAccountingandReviewServicesCommitteestatethatfinancialstatementcompilationmaybeperformedwhenaCPAlacksindependence. \\ \hline 7. & \begin{tabular}{l} When CPAs have performed an audit of financial statements, they may be asked to issue a report regarding the client's \\ \hline with the terms of a contract. \end{tabular} \\ \hline 8. & Comfort letters help underwriters in fulfilling their obligation to perform a _ or \\ \hline \end{tabular} 9. At a minimum, the accountant must the compiled financial statements for appropriate format and obvious 9. material misstatements. The balance sheet of an individual is referred to as the statement of financial condition. Of particular concern in the audit of such statements is the assertion of 11. Financial statement review reports are not modified for changes in Accounting and Review Services Committee accounting principles applying or performing analytical procedures completeness compliance preparation read reasonable investigation review special purpose