Business Assurance & Advisory Services (BAAS) is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It provides insight into an organization’s culture, policies, procedures, and assists management oversight by verifying internal controls such as operating effectiveness, risk mitigation controls, and compliance with applicable laws and regulations. It plays a critical role in strengthening a company’s operations, corporate governance, and accounting processes. BAAS is a management tool to attain operational efficiency by identifying problems and correcting lapses well in time.
The main aim of BAAS is to provide insight into –