Attest Function

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Attest Function

The acts an accountant performs when conducting an audit. That is, the attest function is the totality of the reviews, corrections, and reports an accountant makes when performing his/her duties.
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To conform with UHY Advisors alternative practice structure, the non-attest business of Brown & Brown will be conducted through UHY Advisors, while the attest functions will be performed through UHY LLP, a licensed independent CPA firm,
But CPAs, apart from their attest functions, are already in competition with other professions.
It believes that the rigorous process for demonstrating competency to perform attest functions, combined with fewer CPAs actually performing attest services, is a barrier that many young people are no longer willing to cross to gain the credential.
A CPA ultimately must be responsible for all firm services and for all business units performing attest functions.
I don't think specialists in those areas have to become CPAs and know about the attest function to qualify to become owners.
The council resolution was crafted to ensure that oversight of CPA firms and the attest function remained in the profession's hands (see the sidebar on resolution highlights).
The state board rules can be seen as attempts to usurp the role of providers of business services and those who provide accounting services in addition to the licensed attest functions.
The issues faced by corporate tax departments and the needs and expectations of corporate CEOs, CFOs and VPs of Tax, particularly in the aftermath of Sarbanes-Oxley, have reinforced the need for companies to develop strong unions with quality driven tax practices independent of any accounting firms providing attest functions for these companies.