Auditing And Assurance Services. Auditing is a type of assurance service towards the accuracy of financial statements As compared to a statutory audit which is compulsory for specific companies by law the other companies that aren’t obliged to get an external audit use.
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The audit is done by an internal auditor or external auditor whereas an audit firm does Assurance Auditing includes making sure ethical presentation fairly presented accurate and it also checks whether financial reports are as per accounting standard and accounting principle.
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An audit is a type of assurance service Audit and assurance services can be regulatory or compliancebased They work to ensure that the company or an organization follows the guidelines rules policy and provides both internal and external confidence for financial statements What is the Difference Between Audit and Assurance?.
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Assurance services are a type of independent professional service usually provided by certified or chartered accountants such as certified public accountants (CPAs) Assurance services can include.
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