When CPAs are hired to report on the integrity of financial forecasts and reports on financial reporting processes, it is called an ______________.
A)attestation service
B)absolute assurance
C)applicable financial reporting framework
D)audit service

Question

Quizplus · Accepted Answer

Attestation services involve CPAs reporting on the reliability and accuracy of certain types of information, such as financial forecasts or reports on financial reporting processes. This is different from audit services, which involve providing assurance on financial statements as a whole. Absolute assurance is not a term commonly used in the field, and the applicable financial reporting framework is the set of rules and standards used to prepare financial statements, but it is not directly related to the type of service being provided by the CPA.

When CPAs Are Hired to Report on the Integrity of Financial