Mr. Ali appointed as an auditor for the final audit of the Mazoon retail corporation for the year 2018, Oman. Mazoon retail corporation manufactures kids toy at lower cost. While performing the audit of the financial statement Mr. Ali have identified several information. Those are: 1. The total purchases of the company is recorded 50,000 and credit purchases are 100,000. 150,000. In that cash purchases 2. the labour used for the production and marketing purposes are outsourced by the company. The total amount paid to the outsource company for utilizing the labour is 95,000. 3. In the year 2018 company has achieved 70% of the sales are credit basis. 450,000 sales. Mr. James found that almost 4. In the year 2018 the company has recorded the bad debts of 25,000. 5. The company recorded 2000 worth of the inventory are damaged and lost in transit Required: List and explain the types/methods of audit evidence gathered by Mr. Ali and comment on the persuasiveness (Reliability) of each type. Note: Oman is a Country knowing that: Procedures to obtain audit evidence to reporting on the financial statement is: 1- Physical examination /observation 2- Inquiry 3- Inspection of records/ document 4 Recalculation 5-reperformance 6- External confirmation 7 Analytical procedures knowing that: Sufficient and Appropriate evidence The reliability of audit evidence: Following generalizations may help in assessing the reliability of audit evidence. 1. External evidence is usually more reliable than internal evidence. 2. Internal evidence is more reliable when related internal control is satisfactory. 3. Evidence in the form of documents and written representations is usually more reliable than oral representations. Evidence obtained by the auditor himself is more reliable than that obtained through the entity. Original documents are more reliable than photocopies or facsimiles, which can easily be altered by the client.