Question 1)

ISA 500 Audit Evidence requires audit evidence to be reliable.

Required: List FOUR Factors that influence the reliability of audit evidence

Question 2)

List and Explain FOUR methods of selecting a sample of items to test from a population in accordance with ISA 530 Audit Sampling.

Question 3)

List and explain FOUR factors that will influence the auditors judgment regarding the sufficiency of the evidence obtained.

Question 4)

ISA 620 Using the work of an Auditor's Expert explains how an auditor may use an expert to obtain audit evidence.

Required: Explain THREE factors that the external auditor should consider when they are assessing the competence and objectivity of the expert.

Question 5)

Explain the factors that the external auditor should consider when deciding whether to place reliance on internal audit work.