1							2																				3				4		5
																			6								7		8									9
						10																			11
																							12
			13																															14
																																15
													16									17
					18
	19
				20
																					21
				22			23
24
																																					25
26																		27																					28
																29														30
											31
32								33																			34								35
																								36					37
		38
																													39
		40								41
																																		42
					43															44
		45																													46
				47										48
																																								49
	50																									51										52
																												53
	54																																									55
													56																					57
	58																												59
													60
												61																			62

Across 10. the risk associated with a company's survival and profitability (2 Words) 13. =Inherent Risk + Control Risk + Detection Risk (2 Words) 17. first step in the audit process (3 Words) 18. refers to acts of omission or commissions by the entity audited, either intentional or unintentional 20. An audit benefits the______. 23. these are needed to judge the validity of the assertions (2 Words) 24. serves as a written contract between the auditor and the client (2 Words) 26. The single feature that most clearly distinguishes auditing, attestation, and assurance (3 Words) 30. serves as a set of instructions to assistants involved in the audit and as a means to control and record the proper execution of the work (2 Words) 32. transactions and events have been recorded in the correct accounting periods 37. risk that an auditor's substantive procedures will not detect a material misstatement (2 Words) 38. assurance that can be given by an auditor (2 Words) 40. An _____ is conducted objectively. 41. Auditors who perform operational audit (2 Words) 42. A systematic process 43. overview of the expected scope and conduct of the audit (2 Words) 44. refers to the information obtained by the auditor in arriving at the conclusions on which the audit opinion is based (2 Words) 50. a medium used by an auditor to communicate the result of his/her work (2 Words) 53. The role of the person entrusted with the supervision, control, and direction of an entity 54. susceptibility of an account balance or class of transactions to a material misstatement assuming that there were no related internal control (2 Words) 56. transactions and events have been recorded in the proper accounts 57. involves informing assistants of their responsibilities and the objectives of the procedures they are to perform 58. The complexity of accounting and auditing requires ________ in verifying the quality of financial information. 59. responsible for the fair presentation of financial statements in accordance with the financial reporting framework 60. The concept requires the auditor to carry out his or her work freely and in an objective manner. 61. risk related to the effectiveness of the client's internal control (2 Words) 62. The examination by CPAs of a CPA firm's auditing practices to ascertain compliance with its quality control system (2 Words)

Down 1. The limitation of auditor liability under contract law (3 Words) 2. It refers to the level of auditor's satisfaction as to the reliability of an assertion being made by one party for use by another party. (2 Words) 3. type of audit which uses laws and regulations as its criteria (2 Words) 4. acquired through a combination of education, training, and experience 5. rare type of assurance (2 Words) 6. Independent professional services that are provided on financial or other information that improve the (2 Words) 7. Any services in which the CPA firm issues a written communication that express a conclusion with respect to the reliability of a written assertion that is the responsibility of another party (2 Words) 8. auditors who perform compliance audit (2 Words) 9. all assets, liabilities, and equity interests that should have been recorded have been recorded. 11. Hallmark of auditing (2 Words) 12. In the case wherein a client imposed scope limitation, the auditor must consider issuing a ___________. (3 Words) 14. consists of the response to an inquiry to corroborate information contained in the accounting records 15. help the auditor in identifying unusual transactions and events that may affect the fair presentation of the FS (2 Words) 16. subject matter of the financial audit (2 Words) 19. representations made by an auditee about economic actions and events 21. When developing an audit strategy, the auditor must consider carefully the levels of ________ and audit risk. 22. another term for fraudulent financial reporting (2 Words) 25. unintentional misstatements in the financial statements 27. last step of the audit process (3 Words) 28. The primary function of an independent audit is to lend __________ to the financial statements prepared by an entity. 29. an appraisal activity established within an entity as a service to the entity (2 Words) 31. independent CPAs who offer their professional services to different clients on a contractual basis (2 Words) 33. An auditor who concludes that an uncertainty is not adequately disclosed in the FS should issue a_________. (2 Words) 34. involves monitoring the progress of the audit 35. an estimate of the time that will be spent in executing the audit procedures listed in the audit fees (2 Words) 36. a study of a specific unit of an organization for the purpose of measuring its performance (2 Words) 39. consists of looking at a process or procedure being performed by others 44. amounts and other data relating to recorded transactions and events have been recorded aappropriately 45. refers to intentional act by one or more individuals among management, those charged with governance, employees or third parties 46. involves examining of records, documents, or tangible assets 47. assets, liabilities, and equity interests exists 48. Involves developing an audit strategy and a detailed approach for the expected conduct of the audit (2 Words) 49. systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between these assertions and established criteria and communicating the results to interested users. 51. The factor that distinguishes constructive fraud from actual fraud 52. transactions and events that have been recorded have occurred and pertain to the entity 55. consists of seeking information from knowledgeable persons inside or outside the entity