Important for auditors to differentiate between attest and non-attest engagements. The following are key notes:
Attest services include Compilations, Agreed-upon services, Prospective financial statements, Service organization, and communication on form and content of financial statements (these are just a list).
Non-Attest services includes valuation, tax, recruiting, cash to accrual, bookkeeping, and providing advice on routine business matter services.
Safeguards are created to reduce the risk of non-attest services. they include for example: