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assurance

noun/əˈʃʊərəns/

B1CEFR level
20/100Rarity: fairly common
TechnicalRegister

An independent professional opinion that gives users confidence in the reliability of financial or non-financial information.

The firm was engaged to provide limited assurance over the client's greenhouse-gas disclosures.

Similar: attestation

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting