There are many types of information that require assurance. Individually or in groups, identify the following...
There are many types of information that require assurance. Individually or in groups, identify the following types of assurance services.
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Identify three or more assurance services that are likely to be provided only by public accounting firms.
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Identify three or more assurance services that are likely to be provided by assurance providers other than public accounting firms.
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Identify three or more assurance services that may be provided by public accounting firms or other assurance providers.
Homework Answers
Assurance services
A. By Public Accounting Firms (or Audit Firms)
a. Accounting & Auditing
b. Tax filings (can be direct tax or Indirect Tax)
c. Legal Pronouncements Services w.r.t Tax Appeals & Hearings
B. By Other than Public Accounting Firms
a. Consultancy Services
b. Help in Preparation of Standard Operating Procedures(SOP) of Organisations
c. Agreements or Engagements Attestations
C. May be provided by either of above
a. Book Keeping ( In rare cases Public Accounting Firms provide these services)
b. Preparation of Risk Control Matrix
c. Information System Security Assurance
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