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re: Finance/Accounting/Auditing types...need some help...
Posted on 4/17/19 at 3:02 pm to LSUFanHouston
Posted on 4/17/19 at 3:02 pm to LSUFanHouston
quote:
Attest just means "reported on" by an accepted expert.
Audits are a type of attestation, but there are other kinds as well.
I'm not really sure what you are asking? What is your background? I'm a little concerned that you are teaching others about auditing standards, and yet don't know how to give a basic definition for attestation.
Compilation, Review, Audit. In order of increasing standards to complete one. There is also agreed upon procedures where the company might but require a full blown audit but need something like their inventory or receivables to be tested further than a review or compilation would require.
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