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Attestation engagements are often suitable for clients who have reporting needs that don't require an audit of financial statements.
In attestation engagements, we examine, review or apply agreed-upon procedures to subject matter, or an assertion about the subject matter, which is the responsibility of another party.
The subject matter of an attestation engagement may take many forms, including:
- Historical or prospective performance
- Physical characteristics, such as square footage of facilities
- Break-even analyses
- Internal control systems and processes
- Behavior, such as corporate governance, compliance with laws and regulations, and human resource practices
Examples of attestation engagements are: - Agreed-upon procedures engagements
- Reporting on financial forecasts and projections
- Reporting on pro forma financial information
- Reporting on an entity's internal control over financial reporting
- SAS 70 reports on controls placed in operation for third-party service organizations
- Compliance attestation
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