What is assurance service?

Assurance service is an independent professional service, typically provided by Chartered or Certified Public Accountants or Chartered Certified Accountants, with the goal of improving information or the context of information so that decision makers can make more informed, and presumably better, decisions.

What are audits & assurance services?

Audits are one type of assurance service and are subject to international standards. Assurance focuses on analyzing the processes, controls, and operations of an organization. It looks to determine whether the business is operating with appropriate accuracy.

Why do we need assurance services?

Assurance services are aimed at improving the quality of information for the individuals making decisions. Providing independent assurance is a way to bring comfort that the information on which one makes decisions is reliable, and therefore reduces risks, in this case, information risk.