NAVIGATING FINANCIAL ASSURANCE: UNDERSTANDING AUDITS, INDEPENDENT REVIEWS, AND MANAGEMENT RESPONSIBILITIES

NAVIGATING FINANCIAL ASSURANCE: UNDERSTANDING AUDITS, INDEPENDENT REVIEWS, AND MANAGEMENT RESPONSIBILITIES

In the dynamic landscape of financial reporting, organizations strive to maintain transparency and credibility by engaging in various forms of assurance services. Two common methods employed are audits and independent reviews. Additionally, management plays a crucial role in the compilation of financial statements, contributing to the overall reliability of financial information.