'Audit Assurance' its meaning

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'Audit Assurance' its meaning

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Asked 2/15/2012 12:26:58 AM

Updated 65 days ago|9/29/2023 7:06:17 AM

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User: 'Audit Assurance' its meaning

Weegy: n the field of audit, I see the meaning of assurance as providing third parties confidence that financial statements are reliable, operations of a company are reliable, and/or an entity has met compliance requirements of grants, [ contracts or other provisions. As far as you questions generally asked in auditing firms, it depends on the needs of the firm. You have to be ready to tell a firm how you are able to help them, so you have to do research on the firm, learn what industries it might serve and the type of clients (such as a public, private, a nonprofit or NGO). ]
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User: what are internal audits

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Question

Asked 2/15/2012 12:26:58 AM

Updated 65 days ago|9/29/2023 7:06:17 AM

2 Answers/Comments

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Audit assurance refers to the degree of confidence and reliability provided by an audit process, assuring stakeholders that financial statements are accurate and in compliance with relevant standards.

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Added 65 days ago|9/29/2023 7:05:28 AM

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Internal audits are independent evaluations conducted within an organization to assess and improve the effectiveness of risk management, control, and governance processes.

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Added 65 days ago|9/29/2023 7:06:17 AM

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