We have entered the information age. This change necessitates a dramatic shift in the types of services being offered by accounting professionals. Investment decisions are being made based on many different types of information. Historical accounting information remains important in the investment decision. However, there are many other types of information are also being used by the investment community in making decisions.
Assurance services enhance the reliability of information used to make business decisions.
Rather than repeat the various aspects that are common to these investigations in different courses, AC 745 serves as a necessary background to several more specific functional courses. It is therefore a pre-requisite for AC 746, AC 747 and the AC 760 series. To help you understand how to identify the internal and external informational needs of a company, to ascertain the informational qualities of each type of information, and to improve the reliability of each type of information for decision making. To help you understand how to provide assurance over various types of informational flows. To help you learn how to effectively communicate with audit-related audiences.