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4. (a) International Standards on Auditing require that The auditor shall plan and perform an audit with professional scepticism, recognizing that circumstances may exist which

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4. (a) International Standards on Auditing require that "The auditor shall plan and perform an audit with professional scepticism, recognizing that circumstances may exist which cause the financial statements to be materially misstated". Explain the meaning of the term 'professional scepticism'. (2 marks) (b) What does 'true' and 'fair' mean in auditing? ( 2 marks)

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