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Confirmations returned by bank directly to the auditor.
Letters of communication from the Securities Exchange
Commission.
Physical examination of perpetual inventory.
General ledger in a newly developed information system.
41. The primary support of an audit is (are) (Points: 4)
the financial statements.
the audit working papers.
the audit report.
the confirmation documentation.
42. The primary assertion that is satisfied by physically observing the
client's count of inventory is (Points: 4)
existence.
rights.
valuation.
completeness.