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5.15 Bank reconciliations Basic LO 1, 2, 4 Mohammad Amed is responsible for preparing bank reconciliations at Ajax Lid. Ajax has many bank accounts, including separate accounts for each major branch, imprest accounts for salaries and dividends, and accounts kept in foreign currency for overseas divisions. Mohammad maintains records including bank statements and weekly bank reconciliations for each account. In addition, there are files containing correspondence with banks about disputed transactions, dishonoured cheques from Ajax's customers, and other bank-initiated transactions such as fees and interest. Required a. Comment on the persuasiveness of the evidence in Mohammad's files for Ajax's financial statement audit. b. Explain how an auditor would obtain more persuasive evidence for the relevant assertions for the bank accounts at Ajax