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can you please help me with this question
1. upon what does relevance and reliability of evidence depend
2. what is the relationship between audit evidence and audit risk?
3. what is the relationship between audit procedure and audit evidence?1 – Relevant = does the evidence help you to gain confidence about the assertion. For example, tracing an invoice to a receivables account gives evidence about the existence of the amount but no evidence about its recoverability (valuation). Reliability = how good. Asking client staff if all inventory is included is not very reliable.
2 Areas of high audit risk require more evidence. It is just a matter of the auditor begin able to give reasonable assurance about the amounts in the FS.
3 An audit procedure is a way in which you collect audit evidence. For example the procedure of inspection gives evidence about existence.
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