Thereareanumberofdifferentmethodsinobtainingauditevidence including the following:

i)analyticalprocedure

ii)auditsampling

iii)testsofcontrols

iv)detailedtestingoftransactionsandbalances

v)computerassistedaudittechniques(CAATs)

These methods overlap and may be used for different purposes during an audit of financial statements.

Required:

a)Determine the relationship between the five methods of evidence gathering described above.[10 marks]

b)Evaluate TWO (2) factors that determine the cogency of audit evidence.

[6 marks]

Relate with example any THREE (3) factors that will impact the auditor's judgement in relation to the audit evidence sufficiency. [9 marks]