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The following are audit procedures that are typically performed in an audit of a client's...

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Accounting

The following are audit procedures that are typically performed in an audit of a client's financial statements:

i. Inspect the client's bank statements.

ii. Examine equipment in the client's factory.

iii. Obtain a confirmation of an account receivable directly from the debtors.

QUESTION:

(a) For each of this audit procedures, identify the type of evidence-gathering procedure.

(b) Comment on the relative reliability of each of the types of evidence.

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