ess(Lo 1, 2, 3) Basic B reconciliation statements at Ajax Inc. Ajax has many bank accounts, inc major branch, accounts for payments of salaries and dividends, for overseas divisions. James maintains records including bank statements and weekly bank reconcilia- tions for each account. In addition, there are files containing correspondence w transactions, dishonored checks from fees and interest. James Thomas is responsible for preparing bank luding separate accounts for each and accounts kept in foreign currency Bank reconciliations ith banks about disputed Ajax's customers, and other bank-initiated transactions such as Required a. Comment on the appropriateness of the evidence in James' files for Ajax's financial statement audit. b. Explain how an auditor would obtain more appropriate evidence for the relevant assertions for the bank accounts at Ajax