For each one of the following statements indicate whether the statement is true or false.

a. The extent of the auditor's observation of the client's physical inventory is significantly influenced by controls over processing transactions during the period.

b. The auditor's observation of the physical inventory means essentially that the auditor tests the client's inventory records by counting a sample of inventory items and comparing the counts to the records.

c. The audit procedure of physical examination (test counts) in the inventory area is essentially equivalent to the procedure of confirmation in the accounts receivable area.

d. The auditor's approach to property and equipment is comparable to inventory; the auditor selects items included in the ending balance and substantiates those times by physical examination and vouching.

e. The auditor's procedures relevant to property and equipment include reading minutes and inspecting debt agreements.

f. The auditor may need to apply audit procedures to the financial statements of an entity other than the client to achieve some specific audit objectives for investments.

g. Normally, the auditor sends blind confirmation requests to all significant debtholders.

h. In the long-term debt area, general procedures, such as reading minutes, are relatively less important than in other audit areas.

i. Audit procedures applied to achieve the specific audit objective related to existence for a balance sheet account may also achieve a specific audit objective related to occurrence for a related income statement account.

j. The nature of audit procedures for income taxes are generally unaffected by whether the client is a corporation, proprietorship, or partnership.

k. The auditor's approach to income taxes is essentially substantive; the auditor makes direct tests of balances of balance sheet accounts, and the related income statement amounts are substantiated as a by-product.