Obtaining and documenting appropriate evidence of auditors opinion is one of the main objectives of

auditing financial statements Based on the above statement, you are required to answer the following

questions in your own view:

a) Explain the concept of sufficient appropriate evidence in detail with five examples. (200 Words)

b) Mention and explain the financial statement assertions and audit objectives in the following cases.

1) Verifying inventories included in the balance sheet are physically existed.

2) Verifying that inventories listings are accurately compiled.

3) Verifying whether the transactions are recorded in the proper period.

4) Verifying the accounts receivable already sold out, does not belong to the entity

5) Verifying the pledge of material inventories is appropriately disclosed.