Which of the Following Best Describes Assurance Services

question 89

Multiple Choice

Which of the following best describes assurance services?

• A) Independent professional services that report on the client's financial statements.
• B) Independent professional services that improve the quality of information for decision makers.
• C) Independent professional services that report on specific written management assertions.
• D) Independent professional services that improve the client's operations.

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Definitions:

Final Responsibility

The ultimate accountability for an action or decision, typically held by a leader or highest authority in an organization.

Conducting Business

The act of engaging in activities that produce goods or services to satisfy consumer demand and generate profit.

Transparency

The practice of being open, honest, and straightforward about various activities, making information accessible and understandable to stakeholders.

Stakeholder Responsibility

The obligations that individuals, groups, or organizations have towards others within and outside an organization who are affected by or have an interest in their actions and decisions.