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(1) In an aptest engagement a CPA is engaged to issue or does issue an examination, a review, or agreed-upon procedures report on subject, or an assertion about subject, that is the responsibility of another party.
An agreed-upon procedure is a standard a company or client outlines when it hires an external party to perform an audit on a specific test or business process. The procedures, which are called audit standards, are designed and agreed upon by the entity conducting the audit, as well as any appropriate third parties.
Definition. An independent review of an audit conducted by an accountant. An attest function examines all the data used in the audit as well as the finished audit report. Conducted by a certified public accountant (CPA), it is intended to express an opinion on the accuracy of a company's financial statements.
An attest function is a CPA's review of a company's financial statement. After a comprehensive review, a CPA delivers an opinion on the integrity of the numbers in the statement. A company may also seek a review or a partial examination.
Generally a CPA is the person who makes these types of conclusions by expressing a conclusion or opinion about the reliability of the subject. Attestation services can be compilations, reviews, audits, or agreed upon procedures. We can provide any of the following attest services.
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.
There are three types of attestation services: compilation, review and audit.
Agreed-Upon Procedures (AUP) Engagements: the practitioner provides a report based on factual findings regarding financial information no assurance is expressed. ... The engagement can be based on the IASB's IRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information.
An agreed-upon procedures attest engagement is one in which a practitioner is engaged to issue a report of findings based on specific procedures performed on subject.
An agreed-upon procedure is a standard a company or client outlines when it hires an external party to perform an audit on a specific test or business process. The procedures, which are called audit standards, are designed and agreed upon by the entity conducting the audit, as well as any appropriate third parties.
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