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The difference between an attestation vs an audit is that an attestation is a type of audit where the auditor reviews the practices of the organization being audited and provides a statement about the organization's posture. SOC 2 is a pure attestation which is an assessment as well.

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

Examples of attestation engagements are: Reporting on financial projections made by a client. Reporting on pro forma financial information formulated by a client. Reporting on how well the internal controls in a client process function.

Common applications for attestation engagements include: Contract compliance. Lease/common area maintenance reporting. Regulatory compliance SEC custody examination. Federal, state and local grant compliance. GIPS and investment return verification.

Nonattest services are services provided to a client that are not specifically related to the performance of an attest engagement. For example, nonattest services include activities such as financial statement preparation, cash to accrual conversions, reconciliations, and tax return preparation.

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?.

Examples of attestation engagements are: Reporting on financial projections made by a client. Reporting on pro forma financial information formulated by a client. Reporting on how well the internal controls in a client process function.