Tag Archives: #AuditVersusAssurance

Q16.2 Assurance and audit are not same: Is assurance the same as audit ?

Assurance and audit are not same Assurance and audit are not same Website link Assurance and audit are not same: Assurance and audit are related concepts but are not exactly the same. While audit is a specific type of assurance engagement, assurance encompasses a broader range of services. Assurance refers to the professional services provided… Read More »

What is the difference between assurance and audit?

Audit and Assurance Difference   Difference between assurance and audit, Assurance and audit are related concepts, but they have distinct differences. Here are the key differences. Scope: Assurance is a broader concept that encompasses various services provided to enhance the credibility and reliability of information. It includes not only financial information but also non-financial information.… Read More »

16.21 Audit and Assurance: Is assurance is audit?

Audit and Assurance   Audit and Assurance  are related concepts but are not the same thing. Assurance is a broader term that encompasses various activities aimed at providing confidence to stakeholders regarding the reliability, accuracy, and compliance of information. It involves evaluating and expressing an opinion or conclusion on a subject matter, which could be… Read More »