Match Seven of the Terms (A-P) with the Description/definitions Provided

Match seven of the terms (a-p) with the description/definitions provided below (1-7):
a. Commitments
b. Completing the engagement checklist
c. Contingent liability
d. Dual-dated audit report
e. Financial statement disclosure checklist
f. Independent review
g. Inquiry of client's attorneys
h. Letter of representation
i. Other information in annual reports
j. Review for subsequent events
k. Subsequent events
l. Unadjusted misstatement worksheet
m. Management letter
n. Pending claim
o. Unasserted claim
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.

Correct Answer:

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1. f
2. c
...

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