Pls help me the following terms.
Difference between due diligence ,due care and professional scepticism.
Ask the Tutor ACCA AA
Clarification on few terms
I don't think there is any worthwhile difference between due care and due diligence.
Professional scepticism means not accepting that anything is right without evidence. Due care is needed to ensure sufficient appropriate audit evidence is obtained.
Thank u so much!
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