Assurance is a professional service with an aim of improving the quality and transparency of information, to reduce the chance of problems occurring from incorrect information. An audit is a type of assurance service. In the Context of an Assurance engagement process, external auditors provide assurance within the concept of agency.

Required:

Discuss the concept of agency and explain how the auditor provides assurance with

suitable Practical Examples.

Note: In your answer, you need to include the discussion of agency relationship, along with its connection between shareholders, Board of Directors and external auditors in a listed company using some practical examples.

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