Importance and demand for audit and other assurance services
Not what you're looking for?
Explain the importance and demand for audit and other assurance services. Explain the auditor's role in providing assurance.
Purchase this Solution
Solution Summary
Your tutorial is 317 words and two references and explains why assurance services are important and what the auditor's role is in providing assurance.
Solution Preview
The external auditor plays an importance role for businesses and the capital markets. Since the person completing the audit is not an employee of the firm, they are considered independent or an objective view. By issuing their audit report, the external auditor verifies the fairness and completeness of the financial information provided to outsiders. This increases the confidence that outsiders have in the information provided and permits them to make decisions that rely on this information. Without an external audit, outsiders would be forced to "take management's word for it," and ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.