b. False ANSWER: 27. The primary importance of the audit program is its guidance of the overall conduct audit. a. True b. False ANSWER: 28. Inquiries of client personnel are not a frequent means of evidence gathering by an auditor. a. True b. False ANSWER: 29. The purpose of performing analytical procedures in the planning stage of an audit is to gather audit evidence and make conclusions about account balances. a. True b. False ANSWER: 30. An example of physical observation is the auditor's testing of inventory by counting it to substantiate the existence assertion. a. True b. False