Explain briefly: (1) The purpose of Auditing Standards and the benefits they provide for (a) Auditors, (b)
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Question:
Explain briefly:
(1) The purpose of Auditing Standards and the benefits they provide for
(a) Auditors,
(b) Financial statement users and
(c) The auditing profession;
(2) How Auditing Standards differ from Practice Note and Bulletins.
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