alleryStart learning →What does assurance help to reduce, by giving independent and professional opinions?
AInformation risk
BIncome tax risk
CInterest rate risk
DShare capital risk
Answer & Solution
Correct answer: A. Information risk
Information risk is the risk that information is incorrect, and independent assurance lowers it for decision makers.
Keep practising Assurance Services
Browse all Assurance Services questions for CA Final, or explore more Auditing topics.
Related questions
How long does ongoing FCPA due diligence on a relationship last?Due diligence has emerged as a separate profession for accounting experts, usually called Which US law made due diligence a legal term?A buyer examines a target company before a takeover. This is a common example of what?What does due diligence mean in general business usage?In forensic rating models, ratios weighted by coefficients to give an overall value are caWhy do forensic accountants use plain terms?The investigation of which gangster's finances is credited with showing the value of foren