Assurance reporting refers to the process of providing independent, objective, and reliable assessments or assurances about an institution’s activities, operations, processes, controls, or performance. The primary purpose of assurance reporting is to provide stakeholders, senior management teams and executive board members, with confidence and assurance that the institution is operating effectively, efficiently, ethically, and in compliance with relevant regulations and standards.
Assurance reporting is typically conducted by qualified professionals, such as auditors, consultants, or specialist, who have the necessary expertise, independence, and objectivity to provide credible and reliable assurances to the institution. The findings, conclusions, and recommendations presented in assurance reports help management teams make informed decisions, mitigate risks, and improve institutional performance and governance.
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