[Types of Attestation] Assurance(인증)업무 vs. Non-Assurance(비인증) 업무

안녕하세요. 고라소니입니다. 이번 포스팅에서는 회계감사에서 매우 중요하게 다루어지는

Types of Attestation에 대해 다루겠습니다.

 

※ 흔히 Attestation이라 부르는 Assurance(인증) 업무는 독립성이 요구되지만,

Non-Assurance(비인증) 업무에는 독립성이 요구되지 않습니다.

 

■ Types of CPA's Professional Services

 

 

○ Types of Attestation Engagements

-Level(강도) of Assurance(확신)에 따라 나뉩니다.

1) Examination: positive assurance or opinion expressed

2) Review: limited assurance

3) Agreed Upon Procedures: results of procedures but no assurance

4) Compilation: disclaimer of any assurance

5) Prepation: no assurance and no report

 

○ When a CPA in the practice of public accounting performs an attest engagement, the engagement is subject to the attestation standards. An attest engagement is one in which a practitioner is engaged to issue or does issue an examination, a review, or an agreed-upon procedures report on subject matter, or an assertion about the subject matter, that is the responsibility of another party.

 

 

■ Attest Engagements may result in reports on

○ Historical Financial Statement

-AU Section: Statements on Auditing Standards (SASs) are codified using the AU-C prefix. They are issued by the Auditing Standards Board. They apply to audits of nonissuers’ financial statements.

-AR Section: Statements on Standards for Accounting and Review Services (SSARSs) are codified as AR-C 60, 70, 80, 90, and 120. They are issued by the AICPA’s Accounting and Review Services Committee (ARSC). They apply to preparations, compilations, and reviews of nonissuers’ financial statements.

-AT Section: Statements on Standards for Attestation Engagements (SSAEs) have been clarified and codified. The comprehensive sections are AT-C 105, 205, 210, and 215. (Other sections relate to specific subject matter.) They are issued by the AICPA’s Auditing Standards Board (ASB) or another AICPA designated body. They apply to examinations, reviews, and agreed-upon procedures engagements for subject matter other than traditional financial statements.

○ Internal Control

-AT Section: Statements on Standards for Attestation Engagements (SSAEs) have been clarified and codified. The comprehensive sections are AT-C 105, 205, 210, and 215. (Other sections relate to specific subject matter.) They are issued by the AICPA’s Auditing Standards Board (ASB) or another AICPA designated body. They apply to examinations, reviews, and agreed-upon procedures engagements for subject matter other than traditional financial statements

○ Prospective Financial Statement

-AT Section: Statements on Standards for Attestation Engagements (SSAEs) have been clarified and codified. The comprehensive sections are AT-C 105, 205, 210, and 215. (Other sections relate to specific subject matter.) They are issued by the AICPA’s Auditing Standards Board (ASB) or another AICPA designated body. They apply to examinations, reviews, and agreed-upon procedures engagements for subject matter other than traditional financial statements.

○ A client's commercial Internet site(Web-site) etc.

-AT Section: Statements on Standards for Attestation Engagements (SSAEs) have been clarified and codified. The comprehensive sections are AT-C 105, 205, 210, and 215. (Other sections relate to specific subject matter.) They are issued by the AICPA’s Auditing Standards Board (ASB) or another AICPA designated body. They apply to examinations, reviews, and agreed-upon procedures engagements for subject matter other than traditional financial statements.