Select the necessary words from the list of possibilities to complete the following statements. 1. the primary purpose of the is to have the client's principal officers acknowledge that they are primarily responsible for the fairness of the financial statements. 2. a is a list of all specific disclosures required by financial accounting standards. 3. when paper paychecks are issued, the company's should distribute them to the employees of the company. 4. if the auditors conclude that the total misstatement in the financial statements is material, they should request management to adjust the financial statements or issue a(n) opinion. 5. financial statements that give effect to a subsequent event as though the event had occurred at the balance sheet date are known as financial statements.