This question is about senior accountant skills.

What is assurance in accounting?

By Zippia Team - Dec. 9, 2022

In accounting, assurance is the process of analyzing financial records. It is used in the assessment of accounting entries and financial records. Assurance is verifying the records available in a company's accounting record as per accounting standards and principles.

Assurance can confirm whether or not an accounting record is accurate. The main aim of assurance is to check the accuracy of financial reports to then assure stakeholders that there is no misrepresentation in financial records.

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