Attestation Services Are a Subset of Assurance Services and Always

question 29

True/False

Attestation services are a subset of assurance services and always involve a report that goes to a third party.

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Definitions:

Financial Statements

Reports that provide an overview of a company's financial condition, performance, and cash flows.

Cumulative Effect

The total change in financial statement results over a period of time due to an accounting principle change or correction of an error.