Assurance

From ACT Wiki
Revision as of 09:22, 30 May 2024 by Doug (talk | contribs) (Add definition. Source: Linked pages)
Jump to navigationJump to search

1. Financial and other reporting.

The practice and outcome of independent review work on financial reporting or other information, designed to enhance the credibility of the information.

A common example is an independent financial audit.


2. Risk evaluation - risk management.

A high degree of belief that matters are as stated, as expected, or otherwise acceptably low risk.


3. Insurance.

Life assurance - also known as life insurance - is a type of insurance which most commonly pays out to dependants on the death of the insured person.


4. Quality and performance standards.

In quality and performance standards, quality assurance is a process or framework designed to ensure products or services meet minimum quality standards.


See also