Lam Zhang has been assigned to work with you and has just graduated with a Bachelor of Business degree majoring in accountancy from RMIT University. You have assigned her to her first audit client. She knows that the auditor should obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion. However, she is unsure what this means in practise and how to go about it.

REQUIRED: As her audit supervisor, please explain to Lam:

(a) What factors affect (i) the sufficiency and (ii) the persuasiveness (appropriateness) of audit evidence.

(b) The types of audit evidence that may be considered by her.

(c) The methods of collecting audit evidence an auditor may adopt