Question: 7 - 2 7 ( Objective 7 - 4 ) The following are examples of documentation typically obtained by auditors: 1 . Duplicate sales invoices

7-27(Objective7-4) The following are examples of documentation typically obtained by auditors:
1. Duplicate sales invoices
2. Receiving reports
3. Minutes of the board of directors
4. Signed W-4s
5. Subsidiary accounts receivable records
6. Vendors invoices
7. General ledgers
8. Title insurance policies for real estate
9. Notes receivable
10.Bank statements
11.Cancelled payroll checks
12.Cancelled notes payable
13.Payroll time cards
14.Purchase requisitions
15.Articles of incorporation
16.Remittance advices
17.Signed lease agreements
18.Duplicate copies of bills of lading
Required
1. Classify each of the preceding items according to type of documentation: (1) internal or (2) external.
2. Explain why external evidence is more reliable than internal evidence.

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