Unlike consulting services, in assurance
services:
a. There is confirmation that financial
statement assertions are accurate.
b. Misstated account balances are generally
corrected by an independent audit.
c. Ineffective internal controls may exist.
d. Competing interests may exist
between management and the users
of statements
services:
a. There is confirmation that financial
statement assertions are accurate.
b. Misstated account balances are generally
corrected by an independent audit.
c. Ineffective internal controls may exist.
d. Competing interests may exist
between management and the users
of statements