Attestation Service (Noun)
Meaning
A consulting service in which a CPA expresses a conclusion about the reliability of a written statement that is the responsibility of someone else.
Classification
Nouns denoting acts or actions.
Examples
- The accounting firm offered an attestation service to review the financial statements of their clients and ensure their accuracy.
- By using an attestation service, companies can provide assurance to stakeholders that their internal controls are effective.
- The CPA firm's attestation service was in high demand due to their expertise in evaluating the reliability of financial data.
- The company engaged an attestation service to review their compliance with industry regulations and standards.
- The attestation service provided by the auditor gave credibility to the company's sustainability report and its claims of environmental responsibility.