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QUESTION FIVE Auditing theory, concepts and postulates form the basis upon which auditing practice is carried out, In their absence, there would be a massive

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QUESTION FIVE Auditing theory, concepts and postulates form the basis upon which auditing practice is carried out, In their absence, there would be a massive gap between the expectations of auditors and users of accounting information Discuss the significance of the various concepts and postulates of auditing, (50 Marks)

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