What is the difference between internal assurance services and internal consulting services?
Question:
What is the difference between internal assurance services and internal consulting services?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
The difference between internal assurance services and internal consulting services lies in their primary focus and objectives within an organization Internal Assurance Services Internal assurance ser...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
Question Posted:
Students also viewed these Business questions
-
What is the difference between a blended engagement and a consulting engagement? a. Blended engagements include components of both assurance and consulting services. b. Blended engagements take...
-
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
-
What is the difference between quality assurance and quality control?
-
Data Set 14 in Appendix B lists highway fuel consumption amounts (mi/gal) for cars categorized by size (small, midsize, large). If we use those highway fuel consumption amounts arranged into the...
-
Cash flow from operations was $700,000 for 2011 and $863,000 for 2012. Does this suggest that management of Great Oaks Furniture has manipulated earnings upward in these years? The following...
-
Golf Corp. (GC), a calendar-year accrual-method corporation, held its directors meeting on December 15 of year 1. During the meeting the board of directors authorized GC to pay a $75,000 charitable...
-
Carbon is the sixth element in the periodic table. How many protons and how many neutrons are there in a nucleus of the isotope 14 C?
-
Abbey Products Company is studying the results of applying factory overhead to production. The following data have been used: estimated factory overhead, $60,000; estimated materials costs, $50,000;...
-
Add and simplify: 2 *+5 + 1 I-1
-
Within the context of internal auditing, assurance services are best defined as: a. Objective examinations of evidence for the purpose of providing independent assessments. b. Advisory services...
-
What is the difference between independence and objectivity as they pertain to internal auditors?
-
Solve Prob. 4.87 assuming that the slope of the incline is 18° downward. Problem 4.87: The total weight of a wheelbarrow filled with gravel is 120 lb. If the wheelbarrow is held on an 18°...
-
Briefly explain whether you agree with this statement: Real GDP in 2018 was $18.6 trillion. This value is a large number. Therefore, economic growth must have been high during 2018.
-
What are the implications of monopolistically competitive firms having excess capacity?
-
Are long-run profits equal to zero only when firms charge a price equal to their marginal cost, and produce an average total cost-minimizing quantity of output? Briefly explain.
-
What is a patent, and how do governments use patents as incentives or barriers for companies to enter into an industry?
-
Briefly explain what an oligopoly is. Provide some real-life examples of oligopolies.
-
Pulse rates of women are normally distributed with a mean of 77.5 beats per minute and a standard deviation of 11.6 beats per minute (based on Data Set 1 in Appendix B). a. What are the values of the...
-
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
-
What is the value to Starbucks of a good decision about where to open a Starbucks store? Explain your answer.
-
How is GE changing its business strategy and business model? What is the role of information technology in GE's business?
-
On what business functions and level of decision making is GE focusing?
-
What is the beta of a stock that begins with the same letter as your first name? What is the beta of a stock that begins with the same letter as your last name? Why is it so common to use historical...
-
Many families rent their living quarters. So how much does it cost to rent an apartment? Find TWO apartments in the same zip code. Compare and contrast each unit. Supply the following information:...
-
Retirement Assignment Tom and Jenny graduated college and got married. Both are in their 20s. Tom works for Accenture and earns $50,000 per year. Jenny works for Prudential and earns $40,000 per...
Study smarter with the SolutionInn App