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Auditing Standard ASA 101 Preamble to AUASB Standards
Applying AUASB StandardsApplying AUASB Standards
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Applying AUASB Standards
Professional Judgement
A16. Professional judgement is essential to the proper conduct of engagements that fall within the scope of AUASB Standards. This is because interpretation of relevant ethical requirements and relevant AUASB Standards and the informed decisions required throughout the engagement cannot be made without the application of relevant training, knowledge and experience to the facts and circumstances.[25]