Assurance engagement

An assurance engagement is a formal review process where an independent professional evaluates financial statements, reports, or systems to verify their accuracy and reliability. The goal is to provide stakeholders, such as investors or regulators, with confidence that the information is trustworthy and meets established standards. This can involve audits, reviews, or other assessments, and results in a report that details the level of assurance provided. Essentially, it helps ensure that claims about a company's performance or compliance are credible and can be relied upon for decision-making.