Question：Appropriate evidence under ISA 500 Audit evidence is relevant and reliable. In order for evidence to be relevant it must relate to which of the following financial statement assertions?
　　A. All assets or liabilities are recorded in line with accounting standards.
　　B. All assets or liabilities are included within the accounting records.
　　C. Legal title to all assets is held by the organisation.
　　D. All assets or liabilities occur.
　　E. An asset or liability exists.
　　The correct answers are:An asset or liability exists; All assets or liabilities are included within the accounting records; All assets or liabilities are recorded in line with accounting standards.
　　Legal title to all assets is held by the organisation is incorrect as legal title is not the issue but rather ownership in substance and this is different as risks and rewards are considered rather than legal title.
　　All assets or liabilities occur is incorrect as occurrence is an assertion for transactions on the statement of profit or loss and other comprehensive income, rather than for items on the statement of financial position.