audit and assurance

Audit and assurance are processes that help verify the accuracy and reliability of financial information. An audit involves a thorough examination of an organization’s financial records by an independent professional to ensure that they are fair and comply with relevant laws and standards. Assurance includes various services that provide confidence in the information reported, such as reviews and evaluations. Ultimately, both aim to enhance transparency and trust among stakeholders—such as investors, regulators, and the public—ensuring they can rely on financial statements for decision-making.