In 2020, the AICPA issued Auditing Standards No. 142, Audit Evidence. Answer the following questions regarding the audit standard. How does the concept of obtaining sufficient and appropriate evidence

In 2020, the AICPA issued Auditing Standards No. 142, Audit Evidence. Answer the following questions regarding the audit standard.

1. How does the concept of obtaining sufficient and appropriate evidence align with the auditor’s responsibility to construct an effective audit plan? Consider the importance of these factors on the overall audit process, including the selection of audit procedures and the incorporation of substantive analytical procedures.
2. Provide an example of an audit scenario to illustrate how auditors can navigate the challenges associated with obtaining audit evidence.