1. What are the basic sources of audit evidence? 2. What are the characteristics of reliable audit evidence? 3. Describe the assertions used by the external auditor in the audit of financial...

1. What are the basic sources of audit evidence?

2. What are the characteristics of reliable audit evidence?

3. Describe the assertions used by the external auditor in the audit of financial statements.

4. Provide some examples of the audit evidence in different stages of audit process.

5. Are inquiries of management considered reliable evidence? Under what conditions and for what assertions would inquiry of management be considered reliable evidence?