Question

Which of the following professional services would be considered an attestation engagement?A. Advising management in the selection of a computer system to meet business needs.B. Preparing the income statement and balance sheet for one year in the future based on client expectations and predictions.C. Advocating on behalf of a client about trust tax matters under review by the Internal Revenue Service.D. Providing financial analysis, planning, and capital acquisition services as a part-time, in-house controller.

Answer 1

Answer: Option B        

 

Explanation:

In simple words, attestation engagement refers to the preparation of reports and investigation by a third party on the order or request from the client's side.

Attestation engagement requires independence in the working of the investigator. Audit is an example of attestation engagement.

Hence from the above we can conclude that the correct option is B.