@Soon2BCPA127
quoted from Sonyafm:
“That is a great question. Short answer first: “Attest Engaments” and “Attestation Services” are quiet different. As you pointed out Attest and Attestation come from the source though one is a verb and the other a noun. For me the key words are “Engagement” and “Services”. “Attest Engagements” and “Attestation Services”. The first one should use SSARS. And the second one should use SSAE. At this point those two words Engagement and Services get mixed up. But keep in mind that a compilation is an engagement to put together F.S. and an Attestation Services provides “assurance” to specific items, such as Agreed upon procedures, Prospective FS, Pro Forma, Internal Control, Compliance and MD&A.
Also in MCQ that you refer to:
CPA01504 LW Nov 94#4 to be specific) states that compilations are NOT attestation engagements. That is a great example on how careful we need to read each word on the MCQ. Compilations are Attest Engagements, Not Attestation Services.
On the Becker 2012 Auditing book look on page A2-17 first paragraph on Compilations “The CPA does not perform any audit or review procedures. Although a compilation is not an assurance engagement, it is an attest engagement” and SSARS (Statement on Standards for Accounting and Review Services)”
FAR - 79 (5/2011) expires 11/30/2012
BEC - 81 (7/2011)
REG - 76 (8/2011)
AUD - 69,70,70,86(10/2012) Finally got the AUD credit before FAR expires.
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