Business performance measurement services involve:
A) assurance about whether nonfinancial information being reported from the entity's performance measurement system is reliable.
B) using a balanced scorecard, the board of directors and managers define an entity's financial objectives and goals.
C) assurance about whether financial and nonfinancial information being reported from the entity's performance measurement system is reliable.
D) none of the above

Question

Quizplus · Accepted Answer

Business performance measurement services involve providing assurance about whether financial and nonfinancial information being reported from the entity's performance measurement system is reliable. While using a balanced scorecard may be a tool used in defining financial objectives and goals, it is not the only aspect involved in performance measurement services. Choice A is close but does not provide a complete picture as it only focuses on nonfinancial information. Therefore, choice C is the most comprehensive and accurate answer.

Business Performance Measurement Services Involve