Demand for Auditing and Assurance

Demand for auditing and assurance
The auditing and assurance service is essential for ensuring that the organization is giving true
and fair view of the financial position .
In the modern days with the increase of the financial scandals the demand for the assurance
services increases (Emeka-Nwokeji Damian and Okeke 2017).
Emeka-Nwokeji, N.A., Damian, O.C. and Okeke, P.C., 2017. Providing
Assurance Services as a Tool for Improving the Quality of Voluntary
Disclosures: A Survey of Users’ Perception.
African Journal of Education,
Science and Technology,
3(3), pp.183-199.

Demand for auditing and assurance
With the increase of the complexities in the reporting system the assurance services provide comfort to the
management in taking efficient decisions,
The assurance services ensures that the organizations take responsibility in protecting the interest of the
stake holders (Laing and Hoy 2018).
Laing, G.K. and Hoy, S., 2018. A Retrospective of Professional Liability of Auditors in Australia. The
Journal of New Business Ideas & Trends, 16(1), pp.44-55.
Landais, G., Ocvirk, P., Allen, M., Brouty, M., Perret, E., Pouvreau, T. and Vannier, P., 2019, October.
Quality Assurance in the Ingestion of Data into the CDS VizieR Catalogue and Data Services.
In Astronomical Data Analysis Software and Systems XXVII (Vol. 523, p. 309).

Demand for auditing and assurance
With the demand for bringing more transparency in the business activities the need for the assurance
services also increases.
The application of the assurance services become compulsory for big concerns and the board of
directors are also responsible to follow the guidelines provided by the auditing and assurance
standards.
Salman, T., Zolanvari, M., Erbad, A., Jain, R. and Samaka, M., 2018. Security
services using blockchains: A state of the art survey.
IEEE Communications
Surveys & Tutorials,
21(1), pp.858-880.

Demand for auditing and assurance
The companies should give all the details of their financial transactions and should disclose all the major changes
that they made in the financial statements.
The assurance services forces the companies to disclose the different sources in which they utilize the resources of
the investors (Mihret. and Grant 2017) .
Mihret, D.G. and Grant, B., 2017. The role of internal auditing in corporate governance: a
Foucauldian analysis.
Accounting, Auditing & Accountability Journal.