6.5.2 Complete the following texts using the suitable words or phrases from the box.

Text 1

A	training	F	all matters
B	procedures	G	сoncepts
C	preparation	H	maintained
D	governmental	I	standards
E	evidence	J	auditing

Auditing Standards

The auditing process is based on standards, ____(1)____, procedures, and reporting practices, primarily imposed by the American Institute of Certified Public Accountants (AICPA). While these standards and ____(2)____ constitute the foundation of ____(3)____ for all three types of auditors, other organizations such as the Institute of Internal Auditors and the General Accounting Office impose their own ____(4)____ and procedures, which apply to internal auditing and ____(5)____ auditing, respectively. The auditing process relies on ____(6)____, analysis, conventions, and informed professional judgment. AICPA general standards are:

1. The examination is to be performed by a person or persons having adequate technical ____(7)____ and proficiency as an auditor.

2. In ____(8)____ relating to the assignment, an independence in mental attitude is to be ____(9)____ by the auditor or auditors.

3. Due professional care is to be exercised in the performance of the examination and the ____(10)____ of the report.

Text 2

A	evidential	E	evaluation
B	financial statements	F	procedures
C	planned	G	observation
D	through	H	control

Standards of Fieldwork

AICPA standards of field work are:

1. The work is to be adequately ____(1)____ and assistants, if any, are to be properly supervised.

2. There is to be a proper study and ____(2)____ of the existing internal ____(3)____ as a basis for reliance thereon and for the determination of the resultant extent to which auditing ____(4)____ are to be restricted.

3. Sufficient competent ____(5)____ matter is to be obtained ____(6)____ inspection, ____(7)____, inquiries, and confirmation to afford a reasonable basis for an opinion regarding the ____(8)____ under examination.

Text 3

A	expressed	E	disclosures
B	in the current period	F	accepted
C	examination	G	assertion
D	opinion	H	accordance

Standards of Reporting

AICPA standards of reporting are:

1. The report shall state whether the financial statements are presented in ____(1)____ with generally ____(2)____ accounting principles.

2. The report shall state whether such principles have been consistently observed ____(3)____ in relation to the preceding period.

3. Informative ____(4)____ to the financial statements are to be regarded as reasonably adequate unless otherwise stated in the report.

4. The report shall contain either an expression of ____(5)____ regarding the financial statements, taken as a whole, or an ____(6)____ to the effect that an opinion cannot be expressed. When an overall opinion cannot be ____(7)____ , the reasons therefore should be stated. In all cases where an auditor's name is associated with financial statements, the report should contain a clear-cut indication of the character of the auditor's ____(8)____, if any, and the degree of responsibility he or she is taking.