The Main Assurance Service the General Public Are Familiar with Are

question 31

Essay

The main assurance service the general public are familiar with are financial report audits.Briefly describe the other services that an auditor can provide.

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Definitions:

Investing Activities

Financial transactions and events related to acquiring or disposing of assets, such as the purchase or sale of equipment or securities, reflected in the cash flow statement.

Statement

A written or digital document that records the details of a particular financial or operational activity within a specific period.

Cash Flows

The inflows and outflows of cash and cash equivalents, representing the operational, investing, and financing activities of a business.

Cash Balance

The amount of cash a company has available at any given time, reflecting the company's liquidity position.