Auditing bears what relationship to assurance?
A)Auditing is a sub-category of assurance.
B)Assurance is a sub-category of auditing.
C)They are different names for the same thing.
D)Public accounting firms perform auditing engagements but not assurance engagements.

Question

Quizplus · Accepted Answer

Auditing is a specific type of assurance service that involves evaluating financial statements to ensure accuracy and compliance with standards.

Auditing Bears What Relationship to Assurance