Statement on Standards for Attestation Engagements
American Institute of Certified Public Accountants
This Statement provides that an accountant who is engaged to issue or does issue a written communication that expresses a conclusion about the reliability of a written assertion that is the responsibility of another party should either examine, review, or apply agreed-upon procedures to the assertion in accordance with this Statement.
Specifically, the Statement —
a. Defines an attest engagement.
b. Provides standards for all attest engagements, which are a natural extension of (but do not supersede) the ten generally accepted auditing standards.
c. Makes explicit five preconditions for attest services to be per-formed:
• The practitioner has adequate training and proficiency in the attest function.
• The practitioner has adequate knowledge of the subject matter.
• There are reasonable measurement and disclosure criteria con-cerning the subject matter.
Copyright © 1986 by the
American Institute of Certified Public Accountants, Inc. 1211 Avenue of the Americas, New York, N.Y. 10036-8775 1234567890 AudS 89876
Issued by the Auditing Standards Board
and the Accounting and Review Services Committee