auditing

b. A bank statement included in the entity's records or/versus shipping documents. Required: 1. For each situation, indicate whether the first or second type of evidence is more reliable. Explain why. (6 Marks) 2. For each situation, which assertion (s), Ahmed is verifying (6 Marks) Answer: Ahmad a junior auditor has been asked by his supervisor to collect evidences. He found that there are various types of Evidences and have different degrees of reliability. Following are some statements that compare various types of evidence. a. A bank confirmation or/ versus inquiry about the segregation of duties between cash payments and ecording payment in the accounts payable subsidiary ledger. Problem solving 3: (10 Marks) The following are different audit procedures performed by the auditor: A. Sending a written request to the entity's customers requesting that they report the amount owed to B. Examining a new transportation equipment to ensure that this major acquisition was received. the company. C. Select a sample of invoices for a few days before and after year-end. D. Select a sample of purchases invoices and determine that they have been classified in the proper accounts Required: 1. For each of the following specific audit procedures, indicate the type of audit procedure it represents. ( 5 marks) 2. For each of the following audit procedure, indicate which assertion the auditor is trying to verif) (cutoff, occurrence, classification, right and obligation/ existence) ( 5 marks)