Length: You have to answer all 3 questions: Q1 and Q2 in minimum 450 words to maximum 550 words. Q3 minimum 1000 words maximum 1500 words. You are allowed a 10% margins of words excluding reference and diagrams. Please reference your sources.
Q1 25pts Mautz and Sharaf (1961) set out a series of postulates and assumptions on which their theory of auditing was based. Set out in not more than 500 words the basis of their approach and the problems which subsequent commentators have indicated with their approach. Note it is not necessary for you to set out the postulates in detail merely use them to indicate points in your answer where necessary.