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Accounting or Bookkeeping Practice Term

Attest work

Audits, reviews, and compilations, the engagements where a CPA formally vouches for financial statements, which by law only a licensed CPA firm may perform.

Attest work is why the CPA-ownership rule bites: a firm doing audits or reviews must be majority CPA-owned, which narrows the buyer pool and shapes how a non-CPA searcher can structure the deal.

More Terms in Accounting or Bookkeeping Practice