Validating Data and Internal Controls for Compliance and Risk Management
Attestation engagements are often suitable for clients who have reporting needs that don’t require an audit of financial statements. An attestation takes data that has been gathered and checks its validity based on agreed upon procedures. The subject matter of an attestation engagement may take many forms, including:
- compliance procedures
- internal control functions
- financial forecasts
- projections or pro forma data
The results of the attestation are used to evaluate and review how true the data or information is when compared to a stated purpose, internal control or system.
