Which of the following best describes assurance services?
A)Independent professional services that report on the client's financial statements.
B)Independent professional services that improve the quality of information for decision makers.
C)Independent professional services that report on specific written management assertions.
D)Independent professional services that improve the operations of the client.

Question

Quizplus · Accepted Answer

Assurance services are independent professional services that enhance the quality of information for decision makers. While they may involve some level of reporting on the client's financial statements or specific management assertions, the primary focus is on improving the quality of information rather than simply providing an opinion on existing information. Option A only describes audit services. Option C describes attestation services. Option D describes consulting services.

Which of the Following Best Describes Assurance Services