Which of the following is an accurate statement regarding assurance services?
A) Assurance services must be performed by a CPA.
B) An attestation service is not a type of assurance service.
C) Assurance services improve the quality of information for decision makers.
D) Assurance services can only be performed on financial data.

Question

Quizplus · Accepted Answer

Assurance services are designed to improve the quality of information for decision makers by reducing information risk. These services may be performed by CPAs or other qualified professionals, and are not limited to financial data. Attestation services, on the other hand, are a type of assurance service that specifically involve the issuance of a report on an assertion made by management.

Which of the Following Is an Accurate Statement Regarding Assurance