Assurance refers to a positive declaration or guarantee that something will happen or is true. It is often used in various contexts, such as finance, where it can indicate the reliability of financial statements or the credibility of an organization. Assurance services help stakeholders make informed decisions by providing confidence in the accuracy and completeness of information. In the field of accounting, assurance is typically provided through audits, reviews, and other evaluations. These services are performed by professionals, such as certified public accountants (CPAs), who assess the validity of financial reports and compliance with regulations. This process helps enhance trust among investors, regulators, and the public.