The following information is available to Fairbanks & Sutherland, the auditors of Mogul Inc. Required: For each of the following scenarios, discuss which source information would be considered of higher quality in terms of audit evidence. Ensure that you support why a specific source of information would be considered higher quality. Scenario 1: [5% marks] To support the existence, completeness, and accuracy of the inventory, Mogul Inc. provided its auditor with a summary of its inventory count. Fairbanks and Sutherland also sent a staff accountant to observe the inventory count. Scenario 2: [5%marks] The head of the legal department at Mogul met with the partner of Fairbanks & Sutherland to discuss a lawsuit Mogul is currently facing from one of its clients. The legal counsel of Mogul has been involved with the case since it was first filed and has extensive knowledge of the case, so he provided a good estimate for the legal provision. Fairbanks & Sutherland also obtained a confirmation letter from Mogul's external counsel. Scenario 3: [5% marks] The control environment and internal controls at Mogul have been assessed as strong for the current year. To assess the accuracy of the payroll expenses, Mogul provided Fairbanks & Sutherland with an automated report detailing the various source deductions that are computed by the system when the payroll is processed. Fairbanks & Sutherland also did an overall analysis of the payroll deductions to ensure that there were no large variances since the prior year. Scenario 4: [5% marks] To verify the accuracy of the sales, Fairbanks & Sutherland obtained a sample of sales invoices generated by Mogul's sales system. Fairbanks & Sutherland also looked at Mogul's sales ledger to trace certain sales