Following are examples of evidence that could be collected during an audit of financial statements.

1. Duplicate copies of sales invoices.

2. Examination of new $100,000 cutting machine.

3. Bank confirmation.

4 Remittance advices.

5. Vendors invoices.

6. Standard letter from lawyer to auditor.

7. Auditor inventory count sheets.

8. Shipping documents.

9. Payroll cheques.

10. Long-term debt agreements review notes.

11. Auditor interest expense calculation worksheet.

12. Observation by auditor of computer error message (invalid supplier number).

13. Gross margin calculation.

14. Interview notes from interview with credit manager.

Required: Classify each type of evidence as to its reliability (1 high, 2 moderate, 3 low). State whether each is: Internal Documentation, Physical Examination, Analytical Review, External Documentation, Reperformance, Observation or Confirmation. Very briefly justify your classification (in a few words