the auditors wish to restrict audit risk for the assertion to 5 percent. 5-37. In an audit of financial statements, the auditors gather various types of audit evidence. List seven major types of evidence and provide a procedural example of each. of the following examples of audit evidence. Arrangeplanned audit procedures. Questions LO 6-2 6-24. Morgan, CPA, is approached by a prospective audit client who wants to engage Morgan to perform Requiring an audit for the current year. In prior years, this prospective client was audited by another CPA. nalysis Identify the specific procedures that Morgan should follow in deciding whether to accept this client