Definitions of terms relevant to attestation engagements

Assertion. Any declaration or set of declarations about whether the subject matter is in accordance with (or based on) the criteria.

Criteria. The benchmarks used to measure or evaluate the subject matter.

Engaging party. The party(ies) that engages the practitioner to perform the attestation engagement.

General use. Refers to prospective financial information for use by persons with whom the responsible party is not negotiating directly.

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