(i) For each of the paired statements below identify the

(i) For each of the paired statements below identify the statement that describes the more reliable evidence;

(ii) State the criterion (from ASA 500.A31) that you applied in answer to (i) above.

To answer this question, please state the pair (by number); the statement you believe provides the more reliable evidence (a or b) and the criterion as it is stated in ASA 500.A31. For example if you believe that for Pair 1, statement a is more reliable and that the first listed criterion in ASA500.31 is the correct criterion, write:

Pair 1- a; Criterion- The reliability of audit evidence is increased when it is obtained from independent sources outside the entity.