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Absolutely! Audit and assurance services play a critical role in the financial world. In essence, these services are designed to provide an independent and objective evaluation of an organization's financial statements and internal controls. The primary goal is to enhance the credibility and reliability of financial information provided to stakeholders, including investors, creditors, and regulatory authorities.

Unlike regular financial services, which might involve providing advice, transactions, or financial management, audit and assurance services focus on verifying the accuracy and fairness of financial statements. Auditors assess whether the financial statements are presented in accordance with applicable accounting standards and provide reasonable assurance that they are free from material misstatement.