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attestation service

attestation service

8.2
A professional check by an accountant that a written report is reliable
  • noun
  • /ˌætəˈsteɪʃən ˈsɜrvɪs/
  • Formal
translation icon : servicio de atestación
  • A CPA may offer an attestation service to verify compliance with regulatory requirements.

Examples

  • The company hired a third party to perform an attestation service on its financial report.

  • Regulators often require businesses to obtain an attestation service for certain disclosures.

  • The attestation service provided by the CPA was thorough.

  • I need an attestation service for my financial statements.

  • The company hired a firm to perform an attestation service that confirmed the accuracy of its annual financial statements.

  • After the merger, both companies needed an attestation service to validate their financial disclosures to investors.

  • Before submitting their loan application, they sought an attestation service from a CPA to ensure their documents met all requirements.

How Reliable

attestation service
  • Formal
8.2
to audit
  • Specialized
17 4.2
review
490 3.0
compilation
9 3.9

Surface Forms

Morphology

attestation + services

The phrase is compositionally straightforward: it denotes a service that provides attestations (formal evidence). A B1 learner who knows 'attestation' as a formal provision of evidence and 'service' as something provided (often software) can infer that this is a service that issues attestations, even if they would miss technical cryptographic details.

Etymology

Attestation service comes from the image of a trusted expert writing and signing a paper to say a statement is 'true'. So an attestation service is an official check where a specialist puts their name to show they have 'verified' the facts.