Question 5 (6 points) STANKOWSKI CORPORATION: Audit standards require the auditor to gather "sufficient, appropriate audit evidence" to support the audit opinion. 2: Stankowski's is an auditee in the process of being audited. You are the Audit Manager on the engagement. You are considering the following evidence with respect to the company's Accounts Receivable balance: 3: DOCUMENT "A": An internally produced report internal to the Auditee: Stankowski) listing the detail of its Accounts Receivable sub-ledger by client, which adds to the total in the Accounts Receivable control account. 4: DOCUMENT "B": A confirmation letter from several clients agreeing with the dollar amounts that they owe to Stankowski. DOCUMENT "C": Working papers by a staff accountant who reports to you as the Audit Manager personally inspected the supporting Sales Invoices and Shipping documents associated with several clients from Stankowski's list of Accounts Receivable sub-ledger. DOCUMENT "D". Working naners hvaa staff accountant who renarts to von as the acer A % 5 4 & 7 6 8 9 0 e r t i o P d g h K A b n m Receivable sub-ledger. DOCOUMENT "D": Working papers by a staff accountant who reports to you as the Audit Manager describing an interview with the Account Receivable Manager who "personally guarantees that the Accounts Receivable balances are correct". REQUIRED: (a) Explain briefly the meaning of "sufficient" and "appropriate" in the context of an audit. (b) Rank the reliability of the four (4) documents. Explain WHY you ranked them in this order. Paragraph v EQ acer O # ^ * % 5 & 7 3 4 6 8 9 0 e r t u O d f g h k b