o 30 on the truth ar 15. You find the following notes in the e audit working papers conceening a client's despatch system pspers 1. Customers visit Seeley's their Seeley identification card to the despatch staff 2. A of Seeley's despatch staff confirming goods taken. 3. One copy of the GDN i warehouse and load the goods they require into their vans after showing coods despatch note (GDN) is produced and signed by the customer and a member s sent to the accounts department, the second copy is retained in the despstch These are: A. B. C. D. A record of audit compliance testing A record of audit substantive testing A record of client internal controls A record of an evaluation of client internal controls A record of cie Which of the following statements are true? 1. Auditor derived evidence is more reliable than representations made by directors and officers of 2. Representations made by the directors and officers of the company are the least reliable form of 3. Representations made by director and officers of the company are more reliable than third party 4. Independent third party evidence is more reliable than auditor derived evidence 16. cob the n and tt the company A. None of them 8. 1 and 2. C 1, 3 and4 D. All of them 17. Which of the following are true in relation to the substantive testing of receivables? 1) The auditor should observe the despatch process to ensure that the customers' credit limit is re reviewed prior to goods being despatched 2) A receivables confirmation letter is evidence that the receivable balance is complete A. B. C. D. 1 only 2 only Both of them Neither of them