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1. Attestation report — a consulting service in which a CPA expresses a conclusion about the reliability of a written statement that is the responsibility of someone else. Attestation service. Consulting service — service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
An aptest service, or attestation service, is an independent review of a company's financial statement conducted by a certified public accountant (CPA). The CPA delivers an attestation report with conclusions about the reliability of the data.
Nonattest services are services provided to a client that are not specifically related to the performance of an aptest engagement. For example, nonattest services include activities such as financial statement preparation, cash to accrual conversions, reconciliations, and tax return preparation.
The attest function is the process of conducting an examination of an entity's financial statements by a third party, where the outcome is the third party's formal certification that the financial statements fairly present the entity's financial results and financial position.
There are three types of attestation services: compilation, review and audit.
A compilation is an aptest engagement only, not an assurance engagement. The explanation justifies it as an aptest engagement because attest engagements require independence as set forth in STARS.
An attestation engagement is an arrangement with a client where an independent third party investigates and reports on subject created by a client. ... Reporting on pro forma financial information formulated by a client. Reporting on how well the internal controls in a client process function.
An aptest service, or attestation service, is an independent review of a company's financial statement conducted by a certified public accountant (CPA). The CPA delivers an attestation report with conclusions about the reliability of the data.
Audits are the most common type of attest engagement, and can be applicable to any entity that produces financial statements. Audits provide the users of an entity's financial statements' assurance that those financial statements are free from material misstatement.
A compilation is an aptest engagement only, not an assurance engagement. The explanation justifies it as an aptest engagement because attest engagements require independence as set forth in STARS.
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