Independent professional services that are provided on financial or other information that improve the quality of decision making are known as

Question

Quizplus · Accepted Answer

Assurance services are independent professional services that provide financial or other information in order to improve the quality of decision-making. These services may include auditing, review of financial statements, and other forms of attestation services. Internal auditing, on the other hand, is a function within an organization that provides independent appraisals of the internal operations of the organization, while financial auditing is a specific type of assurance service that involves the examination and verification of financial statements. Attestation services are a type of assurance service that involves issuing a report on a subject matter or an assertion made by another party.

Independent Professional Services That Are Provided on Financial or Other