Assurance Services

What are 'Assurance Services'

Assurance services are a type of professional service usually provided by CPAs. Assurance services can include review of any kind of financial document or transaction, such as a loan, contract or financial website. This review certifies the correctness and validity of the item being reviewed by the CPA.

BREAKING DOWN 'Assurance Services'

Assurance services can come in variety of forms and are meant to provide the firm contracting the CPA with pertinant information in order to ease decision making. For example, the client could request that the CPA carefully go over all of the numbers and math that are on the client's mortgage website to ensure that all of the calculations and equations are correct.

RELATED TERMS
  1. Negative Assurance

    A representation that particular facts are believed to be accurate ...
  2. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
  3. Peer Review

    A process by which one's colleagues assess the quality and accuracy ...
  4. Easy-To-Borrow List

    A list of securities deemed to be available for borrowing in ...
  5. Credit Review

    A credit review refers to the periodic reviews conducted by creditors ...
  6. Accountant

    A professional who performs accounting functions such as audits ...
Related Articles
  1. Investing

    How Much Do CPAs Make?

    If you're considering becoming a CPA, here's what you might expect to earn.
  2. Investing

    This Bargain Insurance Stock Offers 85% Upside Potential

    If one division is sabotaging an otherwise profitable firm, it's often best to simply eliminate the lagging segment. When the odds of improvement are questionable, management probably won't ...
  3. Financial Advisor

    Why Advisors Need to Learn to Love Online Reviews

    Few websites provide reviews of advisors but that could soon change with the SEC revising some of its rules. Here's how to best deal with such reviews.
  4. Investing

    Finding The Right Accounting Certification

    An accounting certification may be the boost your career needs. Find out how to get the most bang for your buck.
  5. Managing Wealth

    CPA, CFA Or CFP® - Pick Your Abbreviation Carefully

    A couple of letters can mean a big difference. Find out which designation you need and how to get it.
  6. Financial Advisor

    How To Become A CPA

    If you've ever wondered what it takes to earn the CPA designation, here's your answer. Be prepared for lots of studying and lots of testing.
  7. Investing

    CPA Exam tips

    Tips for the CPA exam - how to approach it, what to expect, and the time it takes to complete.
  8. Professionals

    How to Conduct an Effective Performance Review

    A proper performance review can be a very useful tool for both managers and employees.
  9. Financial Advisor

    Steps For Adding New Services To Your Finance Business

    Advisors who seek to add additional lines of business to their practices need to carefully consider all the factors involved.
  10. Investing

    The CPA Exam: What You Need To Know

    Interested in becoming a certified public accountant? Here's what you need to know about the CPA exam.
RELATED FAQS
  1. What's the difference between a CFA and a CPA?

    Learn the difference between a Certified Public Accountant and a Chartered Financial Analyst designation. Explore their varied ... Read Answer >>
  2. What credits/deductions should I choose?

    My fiance and I had our first daughter in November of last year in Utah. She only worked a month. I think she made a total ... Read Answer >>
  3. What is the difference between a compiled and a certified financial statement?

    All publicly-traded companies are required to provide financial statements, including a balance sheet, cash flow statement ... Read Answer >>
  4. What other sectors are most similar to financial services?

    Learn about the various components of the financial services sector as the main economic area that allows countries to export ... Read Answer >>
  5. What are the biggest trends affecting the profitability of the financial services ...

    Explore the trends that most affect the financial services sector, including the role of central bank policy and challenges ... Read Answer >>
  6. Where can I look for a financial planner?

    References from trusted friends or family members can help you find a financial planner; however, keep in mind that your ... Read Answer >>
Hot Definitions
  1. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  2. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  3. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  4. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  5. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  6. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
Trading Center