Audit & Assurance

Audit is the process of examining a company’s financial statements and records to make sure they are accurate and comply with the law and accounting standards. It helps verify that the information presented by the business is true and fair.

Assurance is a broader term that refers to the services provided by professionals to improve the reliability of financial or non-financial information. This gives confidence to stakeholders—like investors, banks, or regulators—that the information they’re relying on is trustworthy.

In short, audit is a type of assurance service that focuses on checking financial records, while assurance covers a wider range of evaluations that build trust in various kinds of data.