While audit regulators churn away on promised revisions to Auditing Standard No. 2, their chief auditor is imploring those in the field to heed earlier guidance, use more judgment, and lighten up on excessive testing and audit procedures.

While audit regulators churn away on promised revisions to Auditing Standard No. 2, their chief auditor is imploring those in the field to heed earlier guidance, use more judgment, and lighten up on excessive testing and audit procedures.