What are the four major elements of the broad definition of assurance services?

Q: Which of the following statements regarding Forfaiting is/are accurate?

A: Forfaiting is a process that consists of a company engaged in exporting the  goods and services such…

Q: describe the objective of fi nancial statements and the importance of fi nancial reporting standards…

A: The security analysis is the process of estimating the value of the securities (like shares, bonds,…

Q: What are the three components of 'privacy'?

A: This question explains about  the three components of 'privacy:

Q: Which are the three types of reporting formats?

A: Th three types of financial reports are : 1. Balance Sheet 2. Income Statement 3. Cash Flow…

Q: Identify the three levels of decision making in risk management.

A: 1. Identification and Assessment of Risk how to identify and assess risks. i,e tools to identify…

Q: What are the four types of auditors?

A: Solution: Introduction: An auditor is an independent person or firm of auditor(s) who is responsible…

Q: Discuss the three elements of 'privacy'?

A: The Answer :

Q: INSURANCE

A: Competence Competent parties square measure parties UN agency square measure themselves de jure…

Q: Identify and describe any four areas validity checks can be applied?

A:

Q: What is a seal of assurance?

A:

Q: The five aspects of internal control are identified and described in (a). (b) Is there a single…

A: Here is the answer :

Q: Which of the following would be an example of a reasonable assurance engagement?

A: The audit is done in order to review the financial statement and finds the errors and misstatement…

Q: What is Stategic Audit and its elements? explain.

A: Large, heterogeneous corporations organize themselves into divisions to interrupt the management of…

Q: What are the five elements of an assurance engagement?

A: An assurance engagement could be a variety of assignment performed by a practician so as to specific…

Q: What are two objectives that enable reports to be considered useful?

A: Report: It can be defined as the document that assists the users and the management in providing…

Q: What does disclosure mean?

A: Meaning of Disclosure - Disclosure is generally making the information and facts available to the…

Q: importance of setting standards for delivery of service

A: About Service :  A service is intangible product based transaction. Quality, efficiency and…

Q: Compare consulting and assurance services.

A: Consulting is classified as the practice of giving insight on a subject to a third party for a fee.…

Q: describe a spectrum for assessing fi nancial reporting quality;

A: A quality spectrum provides a basis for evaluating quality reports and ranges from reports that are…

Q: Define what is meant by compliance auditing

A: Auditing: Auditing is the process by which assertions made by management about financial…

Q: Identify the three fundamental principles underlying GAAS.

A: Generally Accepted Auditing Standards (GAAS): Generally accepted auditing standards (GAAS) states…

Q: Explain the concept of adequate disclosure.

A: Definition: Adequate Disclosures: In accounting, there is a need for adequate disclosures as these…

Q: Define Express Trust.

A: The express trust refers to the contract which is derived from the donor wishes or to settlor in the…

Q: element of an assurance engagement

A: Option a is wrong because the appropriate subject matter is an element of assurance engagement. The…

Q: Mutual agency is defined

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

Q: Discuss three audit implications of XBRL.

A:

Q: What is meant by each of the following potential characteristics of information: relevant, accurate,…

A:

Q: What major types of items are reported in the retainedearnings statement?

A:

Q: Describe the term certificate of compliance?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: define auditor?

A: Auditor is the person who is responsible for audit work. Audit means checking, verifying and…

Q: What three types of objectives are the focus of internalcontrol?

A: Definition: Internal Control is a procedure that provides reasonable assurance that material…

Q: Define Ethics.

A: Ethics are a set of moral principles they affect how people in a society make decisions and how…

Q: Define the term assurance.

A: Assurance: Assurance is a financial coverage that delivers payment for an occurrence that is sure to…

Q: What are the three primary CBIS functions that must be separated?

A:

Q: Define security instrument (or trust receipt)

A: A trust receipt is a notification of the release of goods from a bank to a purchaser, with the bank…

Q: What are the three internal control objectives?

A: Internal control:  Internal control consists of policies and procedures to  achieve the objectives,…

Q: Which of the five disclosures is most informative? Which is least informative? Why?

A: Full disclosure: Full disclosure is an accounting principle which states that all the necessary…

Q: Define the term quality-assurance warranties.

A:

Q: What is meant by the term level of assurance?

A: Assurance implies confidence or satisfaction regarding any process or thing.

Q: Define assurance and assurance services.

A: Assurance basically is a type of audit with the main intention of improving the transparency and…