Auditing and Assurance Services Essay Example | Topics and Well Written Essays - 500 words

Auditing and Assurance Services - render ExampleThe objective of the paper signifies the importance of the analyzeive system along with the reliance level that flush toilet be provided towards the audit process. This paper as intumesce as intends to reflect on the pros and cons of the auditory as closely as assurance services that need to be present in the monetary statement of the brasss.The auditing process of an organization or a firm involves with the model of accountability, inspection of the monetary reports along with the monetary demands for assessment of the auditory system. The audit process in this regards provide with the statements which significantly fulfill the gap of expectations between the user and the financial statements. The auditing process for the organization generally involves with the convenient regulation dealing with control tools of the system. Conducting an auditing and assurance program also assists an organization for the critical assessment o f the financial statements with the proper evidence. In this context the application of tools as well as techniques examine the main revenue along with the cost activities of the firm. Management representation of the organization, identifying the errors as well as the weaknesses of the financial activities of the firm is also an important responsibility of the audit process for the organization. Therefore, documentation of the audit and assurance shall provide the management with valuable assistance in taking the initiatives according to the review of the financial statements that were prepared in the audit process of the organization. The assurance service of the auditing process further helps the auditors to keep the videotape of the evidence in the auditing process of the firm (Pearsoned, An Introduction to Auditing and Assurance).With regards to the pros and cons of the process in the auditing system, it can be said that it may help to forecast the future cost activities of th e firm along with the