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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the difference between audit and attestation?

One of the things to keep in mind to differentiate each of these services is that audits are performed to discover data, risks, or compliance issues that may not have been known before the audit took place, and attestation is to evaluate and review how true the data or information is when compared to a stated purpose,

What are the types of attestation engagements?

The following are the three types of attestation engagements: Examination engagement. Review engagement. Agreed-upon procedures engagement.

What are the four categories of attestation services?

The four categories of attestation services are audits of historical financial statements, attestation on the effectiveness of internal control over financial reporting, reviews of historical financial statements, and other attestation services.

What is attestation engagement in audit?

An attestation engagement is an arrangement with a client where an independent third party investigates and reports on subject matter created by a client. Examples of attestation engagements are: Reporting on financial projections made by a client. Reporting on pro forma financial information formulated by a client.

What is included in an attestation engagement?

An attest engagement is one in which a CPA in public practice (i.e., practitioner) is engaged to, or does, issue an examination/audit, review, compilation or agreed-upon procedures report on subject matter, or an assertion about subject matter, that is the responsibility of another party (usually management).

What is attested statement?

Attestation is a kind of testimony or confirmation. It is customary to sign a deed, make a will or sign other written documents in the presence of a witness who also signs the document to attest to its contents and the authenticity of the partys signature.

What are the differences between attestation and assurance?

Attestation relates to the integrity of the data or information analyzed when compared to the standard or purpose of the assignment. Assurance services are provided to substantiate the data analyzed.

What are the 3 types of attestation services?

There are three types of attestation services: compilation, review and audit.

Is internal audit an attestation?

Internal control audits are not considered audit or attestation engagements. An internal control audit is considered to be a consulting or an advisory service.

What should be included in the attestation statement?

An attestation statement may be submitted to authenticate an illegible or missing signature on medical documentation.Attestation Statements Sufficient information to identify the beneficiary. The printed full name of the physician/practitioner. Date of service.

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