Plot currency attestation easily

Aug 6th, 2022
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How to plot currency attestation

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hi lee phillips here i want to talk to you for a minute about what we call a certification of trust or a summary of the trust the question is when you go to the brokerage house when you go to the bank account the the bank they want to see the trust and [Applause] what do they need what should you give them thats the question i always get and it depends upon the bank actually make sure you get my ebook on how to use a trust im going to explain stuff like this in that so you can can see that but when i first started what 40 years ago doing these trust things the banks didnt know anything about the trust and i would have to go down to the bank and say bank ive done a trust for this client they need to change their bank account to the name of the trust so that we dont go through probate you know all that but the trust has to be there at the bank because when the bank opens the checking account in the name of the trust they are agreeing that they will gov

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Differentiate between auditing standards and attestation standards. Unlike auditing standards, attestation standards add assurance to information other that historical financial statements. Attestation standards are an extension to the auditing standards.
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).
Attestations and audits An attestation provides assurance around a specific statement or criteria in this case, statements by Circles management within the reserve report about the nature of USDC reserves while an audit is specifically used to provide assurance around financial statements.
An attestation is a type of audit as it provides an opinion. As the scope increases in attestation services, the governing standards continue to parallel those found within the generally accepted auditing standards (GAAS).
Differentiate between auditing standards and attestation standards. Unlike auditing standards, attestation standards add assurance to information other that historical financial statements. Attestation standards are an extension to the auditing standards.
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,
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.
The USDC reserve has been audited annually since launch The audit verifies the accuracy, completeness and composition of the reserve and tests the internal controls over financial reporting that ensure financial statement accuracy.
In an attestation engagement, a party other than the practitioner (usually management) measures or evaluates the underlying subject matter against the criteria. In a direct engagement, the practitioner evaluates the underlying subject matter against applicable criteria.
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,

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