Audit :
'Audit is an independent examination of financial statement and relevant record in order to express an opinion about true and fair view of such financial statement lend to the intended user'
The objective of the audit is to express an opinion that the financial statement are free from material misstatement whether due to error and fraud and also its objective to opinion that financial statement is prepare in accordance with applicable financial reporting frame work and in all material respect .
Assurance : An assignment where a practitioner express a conclusion design to enhance the degree of confidence to the intended user other then the responsible party about the outcome or evaluation of subject matter against criteria.
The objective of the audit is to express an opinion that the financial statement are free from material misstatement whether due to error and fraud and also its objective to opinion that financial statement is prepare in accordance with applicable financial reporting frame work and in all material respect .
Assurance : An assignment where a practitioner express a conclusion design to enhance the degree of confidence to the intended user other then the responsible party about the outcome or evaluation of subject matter against criteria.
