Assignment 4-4 Types of Assurance Services

Assignment 4-4 Types of Assurance Services - ACCT 470 V2WW...

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ACCT 470 V2WW February 2, 2012 Types of Assurance Services Assignment 4-4 Chapter 21 21-11. The Elliott Committee developed six assurance services with significant market potential for CPA firms. What are these six services? - Risk assessment: assurance that the entity’s profile of business risks is comprehensive and evaluation of whether the entity has appropriate systems in place to effectively manage those risks. - Business performance measurement: assurance that an entity’s performance measurement system contains relevant and reliable measures for assessing the degree to which the entity’s goals and objectives are achieved or how its performance compares to that of competitors. - Information system reliability: assurance that an entity’s internal information systems provide reliable information for operating and financial decisions. - Electronic commerce: assurance that systems and tools used in electronic commerce provide appropriate data integrity, security, privacy, and reliability. -
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Assignment 4-4 Types of Assurance Services - ACCT 470 V2WW...

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