the warehouse .
40 . Which one of the following would be the least persuasive type of evidence ? ( Points : 4 ) 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 .
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 .