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1. In an audit of financial statements, independent auditors gather various types of audit evidence. In the list below, comment on the reliability of each
1. In an audit of financial statements, independent auditors gather various types of audit evidence. In the list below, comment on the reliability of each of the following examples of audit evidence. Explain your reasoning for determining the reliability of each item. Please provide a separate paragraph for each item. a. Copies of your client's sales invoices. b. The auditors' independent computation of the company's earnings per share. c. Paid checks returned with the client's bank statement. d. Responses from client customers addressed and mailed to the auditors confirming amounts owed to your client at the Balance Sheet date. e. A representation letter signed by your client's Controller stating that all liabilities of which she has knowledge are reflected in the company's accounts
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