Audit & Assurance. ... An audit is a type of assurance service. Assurance services can be regulatory or compliance-based. They work to ensure that a company or organisation is following guidelines, rules and policy, and provide both internal and external confidence for financial statements.
Contact for audit and assurance services generally refers to engaging professional firms for services such as independent statutory audits, internal audits, and risk assessment to ensure financial transparency, compliance, and enhanced stakeholder confidence. These services are used to verify compliance with IFRS, improve corporate governance, and manage operational risks