Question: (LO 5-2) Analysis: Who developed the audit data standards? In your opinion, why is it the right group to develop and maintain them rather than,

(LO 5-2) Analysis: Who developed the audit data standards? In your opinion, why is it the right group to develop and maintain them rather than, say, the Big Four firms or a small practitioner? What is purpose of the data standards and to whom are the standards applicable?

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