The sentences below are incomplete. A space is provided where some word(s) may be missing. Complete the sentences, so that they are correct statements.

11. Both revenue accounts and expense accounts share a relationship with the ________________________.

12. There are three reasons that explain why payroll frauds are increasingly difficult to conceal. They include:

_________________________________ , ____________________________, and __________________________________.

13.The sub-committee which includes members of the governing board, and is also responsible for the handling the relationship with the auditors is the ______________________________.

14. One way for auditors to gain an understanding of the client includes________________________________________________.

15. ______________ risk is the risk that an auditor will express an inappropriate audit opinion when the financial statements are materially misstated.

16. _________________________ is a form of insurance in which a bonding company agrees to reimburse an employer, within limits, for losses attributable to theft or embezzlement by bonded employees.

17. A ____________________ is a diagram a symbolic representation of a system, or a series of procedures with each procedure shown in sequence.