Assurance services are best described as
a. Services designed for the improvement of operations, resulting in better outcomes
b. Independent professional services that improve the quality of information, or its context, for decision makers
c. The assembly of financial statements based on information and assumptions of a responsible party
d. Services designed to express an opinion on historical financial statements based on the results of an audit
Ans: b. Independent professional services that improve the quality of information, or its context, for decision makers
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The sellers of ________ goods carry a wide assortment to satisfy individual tastes and must have well-trained salespeople to inform and advise customers
A) unsought B) specialty C) convenience D) heterogeneous shopping E) generic
If exchange rates were fixed, translation exposure would not exist
Indicate whether the statement is true or false