International Standard of Auditing (ISA) 500: Audit Evidence requires the auditor to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusion on which to base audit opinions. REQUIRED: (a) Give TWO (2) reasons why audit evidence is more persuasive rather than convincing? (4 Marks) (b) Give FOUR (4) examples of internal documents which are used as evidence. (4 Marks) (c) State TWO (2) objectives of audit documentation. (2 Marks) (d) Differentiate between current file and permanent file and give one example of each file. (4 Marks) (e) Based on the scenario given, state the type of audit evidence for each of the following audit procedure. No. Audit procedure Type of evidence 1. Make a surprise count on petty cash to verify that the amount of the petty cash fund is intact. 2. Compare vendor names and amount on purchases invoices with entries in the purchase journal. 3. Review the total of repairs and maintenance for each month's total was unusually large. 4. Trace column totals from cash disbursements journal to the general ledger. 5. Obtain information about the client's internal controls by asking questions of client personnel. 6. Watch client employees count inventory to determine whether company procedures are being followed. (6 Marks)