43 . The audit team asks the client to pull a sample vendor files and examines the invoices supporting the purchases of inventory items during the year . What is the most probable reason for the use of this evidence ? ( Points : 4 )
Confirmation of vendors supplying inventory for existence . Analytical procedures to determine completeness of inventory .
Testing for the valuation of inventory using the FIFO cost flow assumption .
Reading the terms of the arrangements with vendors for disclosure .
44 . The extent of procedures is affected mostly by : ( Points : 4 ) the sheer volume of procedures to be applied by the auditor .
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 )