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Well, it is a report that represents the conclusion/outcome of audit procedures and testing performed by an independent CPA or audit body. Basically, it says ?We [Company X] performed an audit on [Customer Y], and the report provided herein is accurate, independently constructed, and reliable?.

Attestation risk is the risk that the practitioner may unknowingly fail to modify appropriately his or her opinion. It is composed of inherent risk, control risk, and detection risk.

An attestation basically takes all the data and information that has been gathered and checks its validity based upon agreed-upon procedure engagements.

ATTESTATION RISK is the risk the CPA may unknowingly fail to modify the report. on management's assertion. It is composed of inherent risk, control risk, and detection risk.

Ing to the Association of International Certified Professional Accountants (AICPA), compliance attestation refers to ?an entity's compliance with requirements of specified laws, regulations, rules, contracts, or grants or the effectiveness of an entity's internal control over compliance with specified ...

There are three main types of attest functions including a comprehensive examination, a review of an examination completed by another party, and a partial examination that is limited to an analysis of specific procedures.

An audit is an ?objective examination? of a company's books whereas an attestation is a ?legal acknowledgment? of a claim made by a company. This isn't to say that attestations aren't conducted by external companies, which they are, but it is far less stringent and covers a specific thing a company has said.

Attestation is the act of witnessing the signing of a formal document and then also signing it to verify that it was properly signed by those bound by its contents. Attestation is a legal acknowledgment of the authenticity of a document and a verification that proper processes were followed.

In the modern world of corporate compliance, an attestation is a statement that expresses a conclusion about an organization's compliance with regulatory standards, the effectiveness of its internal compliance controls.

An attestation engagement over service organization is an examination of controls at service organizations, which provide services such as payroll or data storage, that may affect their clients controls over financial reporting, for SOC 1 reports.