What is an attestation?

An attestation is a formal declaration by a person or organization that a particular statement or fact is true. It is often provided in writing and signed by the person or organization making the declaration, referred to as the “attester.”

Attestations are commonly required in legal and financial contexts, such as when signing contracts, obtaining loans or certifications, or submitting financial statements. The purpose of an attestation is to provide assurance that a statement or fact is accurate and to confirm the credibility and integrity of the person or organization providing the attestation.

Attestations may also be required for compliance with regulatory requirements, such as in the healthcare industry, where medical records and billing processes must be properly documented and attested to for legal and ethical reasons.

Examples of attestation statements may include confirming the accuracy of financial statements, verifying the identity of a person or organization, or providing assurance that a product meets certain quality standards or safety requirements.

In general, attestation should be provided by someone with the appropriate knowledge and expertise to verify the statement or fact being confirmed. They should also have no conflicts of interest that could compromise their objectivity.