For the following three specific audit procedures (a through c) perform the following: State the specific audit assertion associated with the audit procedure. For each specific audit assertion identified, state the type and quality of audit evidence required (low, medium or high). Explain why the evidence is the quality level you specify.

a) The auditor compared current years revenue to the budgeted revenue.

b) The auditor discussed with the client the approach taken to estimate an asset impairment charge.

c) Account for a sequence of sales receipts.

Type of audit evidence (with reason) list one only (1/2 mark)	Applicable audit assertion list one only (1/2 mark)	Reliability of evidence (High, Medium or Low, with reason) (1 mark)