Get We Have Performed The Procedures Enumerated Below, With Which The Board Of Directors And The

09 Section 105 indicates that a practitioner must be independent when performing an attestation engagement in ance with the attestation stan- dards unless the practitioner is required by law or regulation to accept the engagement and report on the subject matter or assertion.

4. The objective of an agreed-upon procedures engagement is for the auditor to carry out procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings.

The required elements for the agreed-upon procedures report include the name of the engaging party, a description of the subject matter, the procedures performed and their findings, and statements on the responsibility of the engaging party, the auditor, and the users, as well as an alert to restrict the use of the ...

An agreed-upon procedures engagement is an attestation engagement where a CPA issues a report of findings based on specific procedures performed on the subject matter. The subject matter can be financial or nonfinancial.

A5 The nature of an audit procedure refers to its purpose (test of con- trols or substantive procedure) and its type (inspection, observation, inquiry, confirmation, recalculation, reperformance, or analytical procedure).

In an agreed-upon procedures engagement, the practitioner performs the procedures that have been agreed upon by the practitioner and the engaging party, where the engaging party has acknowledged that the procedures performed are appropriate for the purpose of the engagement.

Examples of AUP engagements, both on financial and non-financial information, include: Due diligence when buying or selling a business. Verifying cash balances. Checking security balances.