Auditing, Attestation, and Assurance

In this video I discuss how auditing, attestation, and assurance services are related.
In short, auditing is a type of attestation engagement, and all attestation engagements are a type of assurance service.
An audit lends credibility to a company's financial statements.
Attestation lends credibility to any assertions made a company's management. This includes, but is not limited to, a company's financial statements. It would also include issuing an opinion regarding the credibility of a company's pro forma or projected financial figures.
Assurance lends credibility to any type of information, whether it be financial or nonfinancial. Certifying the results of a state lottery or a film awards ceremony would be examples of assurance services.-
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[@sba3711]

Thank you so much! I love what you do. Please continue teaching us 😊 I'm taking the CPA Board Exams soon and your discussions are very helpful.

[@Steven0219.]

thank you! you do a much better job explaining this than my professors, the powerpoint don't even make sense from my prof. This is so easy to follow.

[@AlaKareem]

I've spent 2hours analysing one page in an auditing book 📚. And didn't understand anything. And you brilliant Man explain it to me in 5 minutes

[@JYF86]

Excellent explanations! Very helpful, thank you! 😊👍

[@MyFinancialFocus]

Watching these videos for fun!

[@LTMavs29]

Awesome job man. Thank you.

[@Tomas-kq1im]

Finally, I understand! Thank you! Subscribed!

[@leonardstackelberg3034]

This is really informative, thank you

[@benfontenot9896]

Wow that was awesome explanation. Thank you!

[@ericgol7]

The accounting goat 🐐🐐

[@gtlw5916]

This was extremely helpful to me. I am in an audit class right now. Thank you!

[@Edspira]

Glad it was helpful!

[@dragonsKeeper210]

This is the reason I succeed in Accounting and tbh, I thank you so much.

[@Edspira]

It is my pleasure. I'm honored to play a small role in your success!

[@mahmoudsaad8033]

You are great !

[@Keykers1]

Thank you!

[@Karina00K]

Thank you!!!!!!!!!!!!!!!

[@sawsanaziz7051]

Thank you so much

[@Vikermajit]

Tq. Now I understand.

[@b4publictaxenthusiast843]

Thank you, my professors lecture slides were confusing me and so were the other google searches about these definitions.

[@Edspira]

No problem!

[@TaxTimeForever]

Thanks man. Big test today

[@Edspira]

Good luck!

[@poojajaiswal8519]

Thankyou

[@fsx0567]

thanknyou

[@MustafaAli-lb8dq]

Can we become an auditor if we are weak at accounting?

[@JackAlden-vi4fj]

bro think he khan academy LOL

[@sweetnspicyayisha]

Thank you!

[@Crostoflame_]

Thank you!