An Accountant's Opinion is a statement signed by an independent Certified Public Accountant that describes the scope of the examination of an organization's books and records. It provides important assurance to lenders or investors.
Insurance against an eventuality, especially targeting events that must occur such as death. Commonly related to life assurance, it provides a guaranteed payout upon the occurrence of the insured event.
In the context of life assurance policies, the 'assured' is the individual who stands to receive the benefit of the policy upon the death of the insured or when the policy matures, ensuring a secure financial future.
The Audit and Assurance Council is a body established in 2012 to advise the Financial Reporting Council on matters related to audit and assurance, including the issuance of codes and standards. Unlike its predecessor, the Auditing Practices Board, the Council has a more limited and purely advisory role.
A clean opinion, also known as an unqualified opinion, is an auditor's verdict that a company's financial statements are accurate and comply with Generally Accepted Accounting Principles (GAAP).
EY is one of the Big Four accounting firms, providing assurance, tax, transaction, and advisory services internationally. Founded in the early 20th century, it rebranded to EY in 2013 and operates in over 150 countries.
The International Auditing Practices Committee (IAPC), now known as the International Auditing and Assurance Standards Board (IAASB), was responsible for establishing international standards for auditing, review, other assurance, and related services.
An international network of professional services firms recognized as one of the Big Four, alongside Deloitte, Ernst & Young, and KPMG. PwC offers assurance, tax, deals, and consulting services globally.
