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| Assurance services |
What is the assurance service?
Assurance services refer to a range of independent professional services provided by accountants and other qualified professional to help improve the quality,reliability, and credibility of information used by individuals or organizations.
Assurance service may include:
1.Financial statement audit
2.Review engagements(পুনঃ পর্যালোচনা)
A review engagement involves performing procedures (পদ্ধতি)on an organizations financial information to provide limited assurance that the information is plausible (বিশ্বাসযোগ্য)and free of material misstatements.
3.Agreed-upon procedures engagements.
In this type of engagement, the accountant performs procedures that are agreed upon by the client and the accountant.
4.Compilation(রিপোর্ট তৈরি) engagement
A compilation engagement involves preparing financial statements from information provide by client.The accountants doe's not express an opinion on the accuracy or completeness of the financial statements but does provide limited assurance that the statements have been prepared in accordance with accounting standards .
5.Attestation(প্রতয়ন) engagements
Attestation engagements involve providing assurance on specific subject matter.
