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2021-02-15
Revise Table Attestation Feature
The Revise Table Attestation feature offers a streamlined way to manage and verify your data tables. This tool not only enhances accuracy but also simplifies the attestation process. With this feature, you gain control over data integrity and compliance in your organization.
Key Features
Easy data verification processes
User-friendly interface for efficient navigation
Automated alerts for discrepancies
Comprehensive audit trails for accountability
Customizable attestation workflows
Potential Use Cases and Benefits
Ensure accurate financial reporting for audits
Maintain compliance with industry regulations
Facilitate collaboration across departments
Reduce time spent on manual data checks
Strengthen data governance frameworks
By using the Revise Table Attestation feature, you can tackle common data verification challenges. This tool helps you catch and resolve errors early, saving you time and reducing risks. In the fast-paced business environment, having reliable data is crucial. This feature empowers you to make informed decisions with confidence and clarity.
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What is Statement on Standards for Attestation Engagements?
Statement on Standards for Attestation Engagements no. 16 (SSA 16) is a largely American auditing standard for service organizations, superseding Statement on Auditing Standards no. 70 (SAS 70). The “service auditor's examination” of SAS 70 is replaced by a System and Organization Controls (SOC) report.
What are attestation standards?
The attestation standards establish requirements for performing and reporting on examination, review, and agreed-upon procedures engagements that enable practitioners to report on subject ordinarily other than financial statements, for example, an entity's compliance with laws or regulations, the effectiveness ...
What is a compliance attestation?
An attestation engagement over compliance is in the form of either an examination or agreed-upon procedure. ... Under an examination of compliance, the objective is to obtain reasonable assurance about whether management accepts responsibility over the entity's compliance and the internal controls that surround compliance.
What are the different types of attestation services?
Attestation services are when a certified public accountant (CPA) expresses a conclusion about the reliability of a company's financial statements. There are three levels of scrutiny and review included under the umbrella term attestation services, with only the most intensive level called a financial audit.
What is attestation services in auditing?
Kasia. Attest is an engagement that requires independence. This includes audits, reviews, compilations, attestation and assurance services. Attestation is an engagement where a written report is issued on something other than historical financial statements.
What are attestation engagements?
An attestation engagement is an arrangement with a client where an independent third party investigates and reports on subject created by a client. Examples of attestation engagements are: Reporting on financial projections made by a client.
Is a review an aptest engagement?
A review engagement is both an assurance and an aptest engagement. 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.
What is an attestation service?
Noun. 1. attestation service — 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 report. Consulting service — service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
What is ssae16 compliance?
The Statement on Standards for Attestation Engagements No. 16 (SSA 16) is a set of auditing standards and guidance on using the standards, published by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), for redefining and updating how service companies report on ...
Is SOC 2 the same as SSA 16?
The SSA 16 audit will result in a Service Organization Control (SOC) 1 report. This report focuses on internal controls over financial reporting. ... While a SOC 2 report includes service auditor testing and results, a SOC 3 report provides only the system description and auditor opinion.
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