the time of year in which the client takes a physical inventory in the warehouse .
the auditor ' s judgment that misstatements are probable in certain balances .
the availability of the client ' s staff at or near the balance sheet date .
45 . An audit program is created to specify : ( Points : 4 )
the type of audit opinion to be rendered based upon procedures performed .
the audit procedures that will be performed each year for the client .
how an auditor should think while performing audit procedures .
objectives and procedures to be followed during the audit process .
46 . Which one of the following is primary reason for documenting audit work ? ( Points : 4 )
to prevent litigation by other parties that question the audit performance .
to provide a stand-alone medium that gives audit conclusions and supports the opinion .
to supply a point of reference for all auditors performing the work subsequently .
to supply a point of reference for all auditors performing the work subsequently .
47 . Which of the following would most likely be considered intentional misapplication of accounting principles on financial statements ? ( Points : 4 )