subject matter, or an assertion about subject matter, that is the responsibility of another party; Encompasses financial statement audits Ex: Agreed-upon procedures Assurance Services: Independent professional services that improve the quality of information, or its context, for decision makers; Encompasses attest services and financial statement audits Ex: Reviewing a potential vendor contract Relationship Among Assurance, Attest, and Auditing *Auditing services are a subset of attest services…
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