Professional standards allow auditors to use professional judgment in applying various auditing techniques (e.g. nature, extent, and timing of procedures). While this allows auditors to adjust their testing to their perceived risks of the entity, it also leaves a lot to interpretation. Do you agree with the use of professional judgment, or do you think auditing standards should be more specific (e.g. testing of internal controls should be performed quarterly, or cash receipts should be tested 10 days prior and days after the Fiscal Year-End)