From audit to assurance
During the 1960s the Japanese introduced the idea of total quality assurance. The most important aspect of this was that controls were introduced before that action took place, not after. The dictionary definitions give a sense of the retrospective nature of an audit (Dictionary.com, 2014) and the future intent of Assurance
Audit (noun)
1. an official examination and verification of accounts and records, especially of financial accounts.
2. a report or statement reflecting an audit; a final statement of account.
Assurance (noun)
1 a positive declaration intended to give confidence; a promise. synonyms: word of honor, word, guarantee, promise, pledge, vow, avowal, oath, bond, affirmation, undertaking, commitment
2 confidence or certainty in one’s own abilities.
synonyms: self-confidence, confidence, self-assurance, belief in oneself, faith in oneself, positive ness, assertiveness, self-possession, self-reliance, nerve, poise, aplomb, presence of mind, phlegm, level-headedness, cool-headedness
From audit to assuranceDuring the 1960s the Japanese introduced the idea of total quality assurance. The most important aspect of this was that controls were introduced before that action took place, not after. The dictionary definitions give a sense of the retrospective nature of an audit (Dictionary.com, 2014) and the future intent of AssuranceAudit (noun)1. an official examination and verification of accounts and records, especially of financial accounts.2. a report or statement reflecting an audit; a final statement of account.Assurance (noun)1 a positive declaration intended to give confidence; a promise. synonyms: word of honor, word, guarantee, promise, pledge, vow, avowal, oath, bond, affirmation, undertaking, commitment2 confidence or certainty in one’s own abilities.synonyms: self-confidence, confidence, self-assurance, belief in oneself, faith in oneself, positive ness, assertiveness, self-possession, self-reliance, nerve, poise, aplomb, presence of mind, phlegm, level-headedness, cool-headedness
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