attestation report

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Word: Attestation Report

Part of Speech: Noun

Definition: An attestation report is a document created by a Certified Public Accountant (CPA) or another qualified professional. It expresses the professional's conclusion about how reliable a written statement or document is. The written statement is usually something that someone else has created, and the attestation report helps others understand if they can trust that information.

Usage Instructions:

• You would typically use "attestation report" in formal or business contexts, especially when discussing financial documents, audits, or compliance with regulations.
• It's important to note that an attestation report does not guarantee that the information is correct, but rather assesses its reliability.

Example:

• "The company hired a CPA to prepare an attestation report on their financial statements to assure investors of their accuracy."

Advanced Usage:

• In more complex business situations, attestation reports can be part of compliance with laws or regulations. For example, organizations may need an attestation report to show that they meet certain financial reporting standards.

Word Variants:

• Attest (verb): To declare that something is true or to confirm the accuracy of a statement.
• Attestation (noun): The act of certifying or confirming something as true.

Different Meanings:

While "attestation report" primarily refers to a financial or auditing context, the word "attestation" can also relate to legal documents, where it means a formal declaration that something is true.

Synonyms:

• Verification report
• Certification report
• Assurance report

Idioms and Phrasal Verbs:

There aren't specific idioms or phrasal verbs that directly relate to "attestation report," but you can use phrases like: - "Put to the test" - This means to evaluate the reliability or effectiveness of something. - "Sign off on" - This means to approve or formally agree to something, often used in business contexts.

Summary:

An attestation report is an important document in the fields of finance and business. It helps establish trust in written statements by providing a professional's assessment of their reliability.

Academic

Noun

1. a consulting service in which a CPA expresses a conclusion about the reliability of a written statement that is the responsibility of someone else

Synonyms

• attestation service