Consider the truth or falsity of the following statements:

(a) Sufficient evidence for the auditor means having enough to form a conclusion that an assertion made by management may be accepted.

(b) Relevant evidence for the auditor would include the following:
(i) the dates that the chief accountant goes on holiday (ii) a file of recognized suppliers (iii) the place that the chief accountant chooses for his or her holiday (iv) credit limits of customers buying on credit.

(c) Reliable evidence means evidence that has been vetted by the company’s directors.

(d) Written evidence from a bank manager is reliable evidence.

(e) Written evidence from within the company is not reliable.

(f) If differing types of evidence are consistent with each other, the auditor can reduce the amount of evidence collected and examined.
(g) Physical inspection by the auditor of a non-current asset provides the auditor with reliable evidence as to its existence, but not as to its ownership, cost or value.