What is Agreed-upon procedures engagement?
In short
In an agreed-upon procedures engagement, a practitioner performs specific procedures agreed with the engaging party and reports the findings, without expressing an opinion or conclusion.
Key takeaways
- Users draw their own conclusions from the findings.
- The engaging party acknowledges that the procedures are appropriate for its purpose.
- It is performed under the attestation standards and requires independence.
Where it's tested
AUD: Reviews, Compilations & Agreed-Upon Procedures — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
In an agreed-upon procedures engagement, what does the practitioner's report contain?