Mr Hyde decided to do an audit evidence training session with Mr$.$ Jackal and

developed the following scenarios, which are about a previous client Mr$.$ Hyde audited.

During the audit of Jameson $($Pty$)$ Ltd$,$ a large Food chain retailer, the following

evidence was obtained:

$1.$ A list of fixed assets that one of your audit staff compiled reflecting the fixed assets

that he had physically inspected at year$-$end.

$2.$ A work$-$in$-$progress certificate from independent contractors currently involved in

constructing additional warehousing for Jameson $($Pty$)$ Ltd$.$ The certificate was

given to you by the client.

$3.$ The Operations Manager informed you that Jameson $($Pty$)$ Ltd owned all stock on

hand at year$-$end.

$4.$ You received confirmations from debtors on balances for a debtor$$s circularisation

that you, as the auditor, have done. The confirmations were sent directly to you

as the auditor.

$5.$ A goods receive note.

$6.$ The financial director informed you that there are no bad debts for the current year.

$7.$ You received the bank confirmation from Alba Bank with the bank balances of the

client.

$8.$ The accounts payable clerk informed you that all creditors are paid within $30$ days

of the statement.

$9.$ The client provided you with a list of obsolete stock items where the related

internal controls are effective.

$10.$ You, as the auditor, set up meetings with ten employees to meet with them and

discuss various items relating to their employment with the company.Discuss the factors that you would consider in Part B$,$ to assess the reliability of

each of the above evidence for audit purposes.

Indicate the nature, source, and to which assertion each of the above evidence

would be most relevant.

Present your answer under points $1-10$ in the table below.

Your answer should include discussions on the source and nature of the evidence.

Audit evidence

$($number as per $1-$

$10$ above$)$

Nature Source Evidence to

support which

Assertions