QUESTION - Sherri Gomes is working on ANT Ltd's accounts receivable. During the last two months she has conducted interviews with Jet Chung, accounts receivable manager, ANT's Chief Financial Officer Leslie Adams and employees working in the accounts receivable department. Sherri has also undertaken external confirmations, less than half of which required the external party to state whether or not the amount was correct or not. Sherri vouched a sample of accounts receivable balances back to the source documents including invoices, cash receipts and sales returns. She also conducted a review of subsequent cash receipts from ANT Ltd's customers. She traced a sample of the source documents to the accounts receivable ledger.

REQUIRED

(i) List the types of audit evidence gathered by Sherri.

(ii) State and discuss the relevant accounts receivable assertions and the evidence collection procedures for each type of evidence.