For each of the following combinations of audit evidence, rank the items in terms of their reliability:
1 A Bank statement from the entity's records B Bank statement sent directly to the auditor C Cash at bank ledger 2 D Audit firm conducts the physical count of inventory E Internal audit reports on the physical count of inventory F Auditor supervises internal audit conducting the physical count of inventory 3 G Management provides a representation letter on the accuracy of valuations H The auditor receives a letter from the agent who conducted the valuation confirming its accuracy I The auditor hires an independent agent to confirm the valuation 4 J The auditor conducted an inventory count two months before reporting date K Internal audit conducted an inventory count 3 days before reporting date L Internal audit conducted a supervised inventory count on reporting date 5 M Management assured the auditor of the probable outcome of a pending court case N The entity's lawyers assured the auditor of the probable outcome of a pending court case O The auditor received a representation from the entity's lawyers regarding the probable outcome of a pending court case.