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During the audit of Jackson LLC, Brand External auditors are determining what audit evidence will need to be collected to support the assertions being tested

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During the audit of Jackson LLC, Brand External auditors are determining what audit evidence will need to be collected to support the assertions being tested as part of the audit and corroborate assertions made by management that are implicit within the financial statements. Which of the following statements most accurately describes the types, and importance of, audit evidence likely to be collected as part of the audit? Generally accepted auditing standards require the auditor to only accept paper documents to support certain assertions and provide reliable evidence corroborating management's assertions contained in the financial statements. Electronic documents are more likely to be tampered with and/or forged than original paper documents. Audit evidence provided directly by the client is generally considered more reliable than audit evidence gathered externally and independently by the auditor. This type of evidence is considered more reliable as third parties may not have accurate and up-to-date balances pertaining to the client. Audit evidence may take different forms and may be weighted differently in terms of its weight in supporting management assertions and helping the auditor to form a basis for an opinion on the financial statements. Audit evidence gathered should be sufficient to support the auditors' opinion on the financial statements. Audit evidence, regardless of the form it may take, is considered equally important and of equal weight in gathering evidence and corroborating assertions made by management. All audit evidence should be examined, evaluated, and documented accordingly

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