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What is lower level of assurance? What video in auditing class explain lower level of assurance?
Answers (2)
Assurance is a professional service with the aim of improving the quality and transparency of information, to reduce the chance of problems occurring from incorrect information. It is a process in which the different processes, procedures and the operations of the company are analyzed. An audit is a type of assurance service where reasonable assurance is aimed at. Compilation of accounts is an example of low level assurance engagement.