Assurance

Assurance refers to a positive declaration or guarantee that a certain outcome will occur or that something is true. In various contexts, it indicates a level of confidence or certainty, often provided to alleviate concerns or doubts. Assurance can take many forms, including verbal promises, written guarantees, or systematic practices aimed at reducing risk and ensuring quality or reliability. In business and finance, for example, assurance services are provided to enhance the credibility of information, such as financial statements, ensuring that they are free from material misstatement and comply with applicable standards. In everyday usage, assurance may also refer to the self-confidence or certainty an individual feels about a situation or decision. Overall, it encapsulates the act of providing a sense of security or trust in the integrity of someone or something.