Know Why Investors Needs Assurance in Financial Statements
It is without a doubt; financial statements serve as a critical tool for investors, stakeholders, and creditors of the company in providing valuable insights into a company's financial performance and health. However, in order to ensure accuracy and reliability, investors behold the assurance that these statements are accurately represented. This assurance comes from professionals who provide three levels of oversight: audits, reviews, and compilations services . In this blog post, we will explore why investors require assurance in financial statements and the significance of professional services in delivering audit, review, and compilation, each offering a varying degree of confidence to investors. Ensuring Reliable Information Investors need assurance in financial statements to ensure the reliability and accuracy of the information presented. They rely on these statements to make informed investment decisions and assess a company's financial health. Assurance provided by pr...