audit postulates

Mautz and Sharaf presented an interesting idea about the postulates of auditing. In their study, they stated that the postulates were the basis, the assumptions, and the starting point for building the auditing structure. My generalization about the postulates is as follows:
In my opinion, the postulates were valid in 1961. This was because Mautz and Sharaf carefully conducted a study and experimented about the nature and activities of auditing before they came up with the postulates. They were pioneering philosophers and experts in the auditing field. They did use their best judgment to arrive at the postulates that were best fitted to their existing environment and situation. Therefore, I believe the postulates were sufficient to support all audit theories and satisfied the needs of the auditing field at that time.
I don’t think that all the postulates are valid today. Some of them are still valid while some of them are not. The first postulate, which is “financial statements...