You are on the team of auditors for an account of Modern Woodworks Ltd$,$ a furniture

manufacturing company. As a senior auditor, the junior colleagues on the team have asked you

to provide them with explanatory notes as to the meaning of the concept audit evidence. They

know that computations are involved in the audit process but need to be aware of the other

procedures that are to be used to obtain audit evidence on the upcoming audit.

Required:

A$.$ Explain TWO $(2)$ limitations or constraints that are placed on auditors when collecting

audit evidence. $(4$ marks$)$

B$.$ Explain how the timeliness and objectivity of the evidence influences the reliability of

audit evidence. $(6$ marks$)$

C$.$ Outline TWO $(2)$ procedures $($except for computation$)$ that the audit team will use

when gathering evidence on the audit of Modern Woodworks Ltd$.(6$ marks$)$

D$.$ Give TWO $(2)$ examples of audit evidence that could be obtained from each procedure

mentioned above. $(4$ marks$)$