CPA Crossword

1. A high but not absolute level of confidence in financial statements.
4. The process of identifying and evaluating risks in an audit.
5. The organization that oversees audits of public companies in the U.S.
7. The possibility that an audit sample may not represent the full population.
9. A weakness in internal control that could allow misstatements to occur.
12. A document outlining the scope and terms of an audit.
13. The quantity and quality of audit support necessary for a conclusion.
14. Assumption that a company will continue to operate in the foreseeable future.
15. An error or fraud that affects financial statement decisions.

2. Audit procedures designed to detect material misstatements.
3. Conditions that may indicate incentives or opportunities for fraudulent reporting.
6. A threshold set lower than materiality to reduce audit risk.
8. A CPA's report providing assurance about subject matter other than financial statements.
10. Processes implemented to ensure reliable financial reporting.
11. The susceptibility of an assertion to material misstatement before considering controls.