Question: Australian auditing standards have been criticised from different sources for failing to provide useful guidelines for conducting an audit. The critics believe the standards should

Australian auditing standards have been criticised from different sources for failing to provide useful guidelines for conducting an audit. The critics believe the standards should be more specific to enable practitioners to improve the quality of their performance. As the standards are now stated, they provide little more than an excuse to conduct inadequate audits. Evaluate this criticism of Australian auditing standards.

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