What does Audit Assurance imply?
The process of evaluating the account entries present in the financial statement of the company is known as an audit. On the other hand, assurance is a process of analysis and is used in the assessment of accounting entries and financial records. Thus, audit assurance provides an independent and objective assessment of financial statements or compliance efforts. The aim of audits is to assure managers that the financial statements are accurate and handled efficiently. The compliance, regulatory and financial statement audits are conceptualized as assurance services. However, there are other audit services which include consulting and advisory audits. These services are best provided by various audit firms in Delhi . Importance of Audit Firms Auditing plays a major role in systematically managing the financial statements of a company. Auditing firms in Delhi are equipped with professional auditors who handle financial statements with ease. They assist in maintaining an effective sy