Question

How are audit services, attestation service, and assurance services related?

Answer 1

No 1 9 Page Question - How are cudit Services, attestation Services and assurance services related -> on audit Services is a Subset of attestation Services to cattestation Services and audit Services core sub-type 4 assurance Services So, an audit és technically is a type of assurance Services infalt an cudit is the highest luvel of cusurance Services - Leli understand each of these three one by one Audit Services Auditing is a Systematic examination of the books and seconds of a busines i.e. Balance sheet a income statiment & Statiment of cash flow a to ascertain or verity, and to report upon the bacts regarding is financial operations and the dresults thereaf. Mistoaicel financial staliments de the most common form of cudit Services which the auditor expresses a conclusion as to wether the financial Statements are prevented in conformity which generally accepted accounting princnl. edn Independent audit is a means of satisfying the need for muliable information on the fert of deusion maker,

No 2 Assurance Sowices Page con asununu Services is an independent Beofessional Service to improve the quality of information for dicision makers. There are many Pacsible forms of asurance Services, including Services sulateci to besinees Performance Measurement, health cavu peoyormance, and information System Juliability: in CAttestatwin Services An attestation Services is a form of assurance Services in which the CPA firm iesus a report about the reliability of an assertion that is the responsibility of another party- An example of an attestcction Services e's a report on the effectiveness of an entity's internal Contred over financial reporting CPA = Certified Public Accountant