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 ) 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