The following represents an issue/procedure an auditor found during an engagement. Please identify (1) what audit objective the auditor is attempting to address, and (2) what type of audit evidence the auditor is collecting. Procedure - The auditor obtained a letter from the client's attorney detailing the nature and extent of liability under a lawsuit. The auditor used the information received from the attorney to record an estimated liability. ------ Type of Audit Evidence ----- Physical Examination Recalculation Analytical Procedures (Broad) Inspection of External Documents Analytical Procedures (Narrow) Observation Reperformance Inspection of Internal Documents Inquiries of Client Confirmation --Selected Audit Objective -- Transaction Objectives Balance Objectives Occurrence Existence Completeness** Completeness Accuracy** Accuracy Classification** Classification Timing Cutoff Posting & Summarization Detail tie-in Realizable value Rights & Obligations . For test 2, I will not require students to separately indicate transaction/balance objectives that share the same name. For example, if the nswer is Completeness, simply write "Completeness on the test and move on, there is no need to indicate "Completeness, Transaction for this est