homework

Question 1: (10 marks): Discuss the quality of the following types of audit evidence, giving two examples of each form of evidence. (1) Evidence originated by the auditors (ii) Evidence created by third parties (iii) Evidence created by the management of the client (b) Describe the general considerations which auditors must bear in mind when evaluating audit evidence. . It is common practice to audit the balance in notes payable in conjunction with the audit of interest expense and interest payable. Why? What are the advantages of this strategy