The emergence of professional service firms in recent years has resulted from a growing demand from business for specialist advice to help them achieve business advantage in an increasingly competitive market place. Much of this advice is requested from audit firms, because auditors are trained to understand the dynamics of a business from an external perspective' - ICAEW

Required:

a) Explain non-audit services. Support your answers with THREE (3) examples of non- audit services. 

b) There are arguments (i) in favour of and (ii) against the provision of non-assurance services. Discuss the arguments in both perspectives. 

Answer rating: 100% (QA)

a Nonaudit services also known as nonassurance services refer to the additional professional services provided by audit firms to their clients apart from the traditional audit function These services ... View the full answer