👉 In the context of accounting, an "assurer" is a person or entity who ensures that an account has been properly recorded and reported in accordance with accounting standards. This may involve reviewing financial statements for accuracy and completeness, verifying transactions, and making sure that all necessary disclosures are made. Assurers can also be responsible for ensuring compliance with legal requirements and regulations related to the organization's operations.
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What is the definition of Assurers? 🙋
👉 An insurer is a company that insures an individual or organization against loss due to certain events. They provide financial protection for individuals and organizations by providing insurance policies covering various risks such as natural disasters, accidents, theft, and property damage. Insurers are responsible for settling claims made under their policies and may also offer additional services such as claims management and reinsurance.
