Question 1
List the three reasons why an experienced member of the audit firm must thoroughly review audit documentation at the completion of the audit.
Question 2
Match seven of the terms (a-p) with the description/definitions provided below (1-7).
| b. | completing the engagement checklist |
| d. | dual-dated audit report |
| e. | financial statement disclosure checklist |
| g. | inquiry of client's attorneys |
| h. | letter of representation |
| i. | other information in annual reports |
| j. | review for subsequent events |
| l. | unadjusted misstatement worksheet |
| p. | Audit documentation review |
________ 1. a review of the financial statements and the entire set of audit files by an independent reviewer to whom the audit team must justify the evidence accumulated and the conclusions reached
________ 2. a potential future obligation to an outside party for an unknown amount resulting from activities that have already taken place
________ 3. a written communication from the client to the auditor formalizing statements that the client has made about matters pertinent to the audit
________ 4. a potential legal claim against a client where the condition for a claim exists but no claim has been filed
________ 5. transactions that occurred after the balance sheet date, which affect the fair presentation or disclosure of the statements being audited
________ 6. agreements that the entity will hold to a fixed set of conditions, such as the purchase or sale of merchandise at a stated price
________ 7. the use of one audit report date for normal subsequent events and a later date for one or more subsequent events
Understanding cells in terms of their molecular components.
The following terms describe types of body movement that occur at the diarthrotic joints
Body Region Terms
Drug Classification and Description of Use
Drug Classification and Description of Use
the list provided