Given this distinction, we shall also use the terms "assuror
" and "assuree" as the equivalent in the broader assurance setting of the terms "auditor" and "auditee" in the financial statements context.
Examples of verification work performed are summarized in the assuror
's report as follows (TSR 2000, 27):
Continuous assurance approaches are perceived to be expensive to design and implement, and not many assurors
have the capabilities for deploying them.
Although the potential for corrupt managers, economically interested assurors
, and other breaches of objectivity will always remain, continuous assurance methodologies can identify these events, allow for multiparty process monitoring, and illuminate data inconsistencies that arise in bad or corrupt business models.
Life Insurance Co., West Des Moines, Iowa, was dissolved.
In this situation, the most likely assurors
would be the car maker's internal audit staff, who would likely do no more to assure database reliability than the following: