Who are the two parties involved in consulting services?

The two parties involved in consulting services are the auditor and the client. In this context, the auditor is the professional providing expertise and advice to help the client improve their processes, controls, or overall performance. The client, typically a business or organization, seeks these services to address specific needs, such as enhancing financial reporting, compliance, risk management, or operational efficiency.

The relationship between the auditor and the client is fundamentally collaborative. The auditor brings specialized knowledge and skills to assess the client's situation and provide tailored recommendations. This dynamic emphasizes the importance of trust and clear communication, as the auditor must understand the client's objectives to deliver valuable insights effectively.

While other parties, such as management, users, or stakeholders, may be engaged in the broader context of a business's operations, consulting services specifically highlight the direct interaction between the auditor and the client. This relationship is grounded in the auditor’s role as a trusted advisor, which is central to the consulting process.