Assurance (assurance services)

Assurance services are independent assessments provided by professionals, such as auditors, to increase confidence in the accuracy and reliability of financial information or processes. These services help stakeholders, like investors or managers, make informed decisions by verifying that financial statements or other data fairly reflect a company's true financial position. The goal is to reduce uncertainty and provide credibility, fostering trust between organizations and their stakeholders. Assurance can also extend to evaluating internal controls, compliance, or risks, ensuring the organization is operating efficiently and reporting accurately.