Define and contrast financial statementauditing, attestation, and assurance servic
Define and contrast financial statement
financial statement auditing means independent inspection and examination of financial statements of a firm, business or a company by a qualified independent Auditor without any pressure. The report of the Auditor must be true and fair, free from any influence and not be biased. The purpose of a Financial statement Audit is to add reliability and credibility to the reports and performances of the business.
Attestation in simpler words means acknowledgement of the authenticity of a document. An auditor Attests his Auditing report about a firm. By attesting the report Auditor confirms that the facts and data in report are unbiased, free from any pressure and true to his knowledge.
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