what does assurance mean in business?

Expert Solution

Assurance in business is a part of corporate governance,under which the company responsible to all the stakeholders of the company.The management should provide information about the status of the company with full accuracy,truthfulness etc.Corporate governance is a important factor in business, these are the set of rules,regulations,policies that a company should follow in their corporate affairs

In insurance business assurance is a part of covering loss of insured.

ekkarill92 answered 2 years ago

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