Assurance services

assuranceAuditassurance standardAudit and assuranceInternational Standard on Assurance Engagementstandard for assurance
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.wikipedia
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Certified Public Accountant

CPACertified Public Accountantscertified public accounting
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.
One important function performed by CPAs relates to assurance services.

ISAE 3000

Assurance engagements designed to test historical financial information are referred to as assurance reviews (these are regulated by International Standard on Review Engagements (ISRE 2400)), but assurance reports can be obtained over many other subject matters and will then be subject to ISAE 3000 or other individual Standards on Assurance Engagements. Technical guidance for practitioners wishing to undertake assurance services can be found in ISAE (International Standard on Assurance Engagements) 3000 ISAE 3000 and in The Assurance Sourcebook published by ICAEW (Institute of Chartered Accountants in England and Wales which also includes advice for companies wishing to choose between various assurance services.
ISAE 3000 is the standard for assurance over non-financial information.

Chartered accountant

CAChartered Accountancychartered accountants
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.

Information

informativeinputinputs
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.

Audit

auditingauditorspaper trail
Audits are therefore a type of assurance service.

Financial statement

financial statementsfinancial reportingfinancial report
However, audits only test the validity of the assertions in financial statements, and are subject to regulation under International Standards on Auditing.

International Standards on Auditing

ISAISA 501 Audit Evidence – Additional Considerations for Specific ItemsISA 505 External Confirmations
However, audits only test the validity of the assertions in financial statements, and are subject to regulation under International Standards on Auditing.

Institute of Chartered Accountants in England and Wales

ICAEWFCAInstitute of Chartered Accountants
Technical guidance for practitioners wishing to undertake assurance services can be found in ISAE (International Standard on Assurance Engagements) 3000 ISAE 3000 and in The Assurance Sourcebook published by ICAEW (Institute of Chartered Accountants in England and Wales which also includes advice for companies wishing to choose between various assurance services.

Internal audit

internal auditingInternal AuditorAssurance
Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations.

PricewaterhouseCoopers

PwCPrice WaterhouseCoopers & Lybrand
The company's global revenues were $41.3 billion in FY 2018, of which $17.06 billion was generated by its Assurance practice, $10.45 billion by its Tax practice and $13.78 billion by its Advisory practice.

Accounting network

Accounting networks and associationsaccountancy institutesaccounting and consulting firms
The Big Four are the four largest international professional services networks, offering audit, assurance, tax, consulting, advisory, actuarial, corporate finance, and legal services.

Eide Bailly LLP

The firm was founded in 1917 and provides core services of audit & assurance and tax, as well as expanded services, including business outsourcing & strategy, business valuation, cybersecurity, employee benefit & retirement plans, data analytics, financial services, fraud & forensic advisory, health care reform, human resources, international business services, litigation & dispute advisory, ownership transition, risk advisory, technology, transaction advisory, and wealth planning.

Financial audit

auditauditingforensic audit
The financial audit is one of many assurance functions provided by accounting firms.

ISAE 3402

International Standard on Assurance Engagements (ISAE) 3402
ISAE 3402 is an international service organization assurance standard, provided by accountants to help customers make better decisions.

Ernst & Young

Ernst and YoungEYErnst & Young LLP
It provides assurance (including financial audit), tax, consulting and advisory services to companies.

Big Four accounting firms

Big FourBig Four auditorsBig Four accounting firm
They offer audit, assurance services, taxation, management consulting, advisory, actuarial, corporate finance and legal services.

Bookmaker

bookmakingbookmakersbookie
Their working methods are similar to those of an actuary, who does a similar balancing of financial outcomes of events for the assurance and insurance industries.

Single Audit

Single Audit Act
Usually performed annually, the Single Audit's objective is to provide assurance to the US federal government as to the management and use of such funds by recipients such as states, cities, universities, non-profit organizations, and Indian Tribes.

Auditor-General of New South Wales

Auditor-GeneralAuditor GeneralAudit Office of NSW
The Auditor-General is responsible for audits of NSW Government agencies, universities, and NSW local government, and also provides certain assurance services for Commonwealth grants and payments to the State under Commonwealth legislation.

Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton (RCGT) is a Canadian firm in the areas of assurance, tax, advisory, and business recovery & reorganization services.

BDO Global

BDOBDO Stoy HaywardBDO International
BDO’s services run from assurance, accounting and taxation services to financial advisory and corporate recovery.

Auditor's report

audit reportaudit opinionreport
The auditor's report is a disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.

The Crimson Permanent Assurance

Accountancy ShantyCrimson Permanent Assurance
The elderly British employees of the Permanent Assurance Company, a staid London firm which has recently been taken over by the Very Big Corporation of America, rebel against their much younger corporate masters when one of them is sacked.