Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Assurance service is new concept developed to serve as the foundation for new opportunities the accountancy profession. Broadly explain its nature.

An assurance engagement is one in which a practitioner express a conclusion designed to enhance the degree of confidence of the users other than responsible party about the outcome of the evaluation of the measurement of a subject matter against criteria. According to ISA100 an assurance engagement is "one where a professional accountant evaluate or measure a subject matter that is the responsibility of another party against suitable criteria and express an opinion which provides the intended user with a level of assurance about the subject matter. The two general types of assurance engagements are: -An assertion based engagement -A direct reporting engagement

user-image
Question added by Musa Muhammad Dandikko , Chief Accountant, Acting Director, Procurement , Federal College of Education, Katsina
Date Posted: 2013/09/21
ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

DEFINITION of 'Assurance Services'A type of professional service usually provided by CPAs. Assurance services can include review of any kind of financial document or transaction, such as a loan, contract or financial website. This review certifies the correctness and validity of the item being reviewed by the CPA.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.