Explore commonly used personal finance terms.
Attestation is the process of formally verifying the accuracy and reliability of financial information, often through a third-party audit or review. Auditors perform attestations to ensure compliance with accounting standards, confirming that financial statements accurately reflect a company’s financial position. Attestations provide stakeholders with confidence in the validity of reported data, supporting transparency and trust in financial reporting. This process is crucial for publicly traded companies, as it influences investor confidence and compliance.
