1. Evidence obtained from third parties, such as, vendors or creditors, is more reliable than evidence obtained from an audit client.? (True/False) 2. According to the third generally accepted standard of audit fieldwork, what should auditors obtain in order to afford a reasonable basis for an opinion on the financial statements? 3. List? the components of an audit risk model. 4. What are the five categories of management assertions? Solution 1- (False) 2. According to the third generally accepted standard of audit fieldwork, what should auditors obtain in order to afford a reasonable basis for an opinion on the financial statements? An independent auditor plans, conducts, and reports the results of an audit in accordance with generally accepted auditing standards (GAAS). Auditing standards provide a measure of audit quality and the objectives to be achieved in an audit. Auditing procedures differ from auditing standards. Auditing procedures are acts that the auditor performs during the course of an audit to comply with auditing standards. Standards of Reporting .