In our Readiness Assessment, we’ll ask your team to provide us information regarding your ALTA Best Practices compliance efforts through an electronic tool aligned with ALTA’s 7 Pillars. This assessment will require your team to answer survey questions and providing supplementary evidence. This information will allow our team to determine where you stand, what holes/gaps exist, and what remediation steps are necessary.
Certification will be provided using ALTA Best Practices Assessment Procedures as the basis or benchmark. Based on the level of assurance requested or required by you and your lenders (and other factors), we have three options to provide the assurance that will allow for certification. Those three options are a review, an agreed-upon procedure (AUP), and an examination. All three of these engagement types are conducted in accordance with the American Institute of Certified Public Accounts’ (AICPA) professional standards, which include objectivity and independence.