Your answer is partially correct.

Gathering and documenting evidence is required to support the auditor's opinion on the fair presentation of the client's financial

statements. It is important to recognize characteristics of audit evidence. Two terms discussed in this chapter related to

appropriateness of audit evidence are relevance and reliability.

Listed below are situations involving audit evidence. Determine if the situation refers to the relevance or reliability of audit evidence,

or to both.

a$.$ Audit evidence is obtained from an external party rather than relying solely on internally

generated client information.

b$.$ The auditor inspects an original lease document.

c$.$ A sample of recorded accounts receivable is used when the objective of the audit

procedure is to test the existence of accounts receivable.

Options

Relevance and Reliability

Relevance

Relevance and Reliability

Reliability

If an auditor's specialist is engaged to assist with the audit:

the auditor does not have to take responsibility for the fair presentation of the item in the financial statements.

it means the auditor does not have the requisite skill and knowledge to assess the item.

the PCAOB must be contacted and permission obtained before the specialist starts work.

it means the auditors should not have taken on the audit because they are not qualified.