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Terms > Glossary A > Assurance

Assurance

Formal
Assurance is a part of corporate governance in which management provides accurate and current information to the stakeholders about the efficiency and effectiveness of its policies and operations and the status of its compliance with the statutory obligations.
Practical
Part of corporate governance in which a management provides accurate and current information to the stakeholders about the efficiency and effectiveness of its policies and operations, and the status of its compliance with the statutory obligations.

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