4-2 Agreed Upon Procedures engagement

“An agreed-upon procedures engagement is one in which a practitioner is engaged by a client to issue a report of findings based on specific procedures performed on subject matter. The client engages the practitioner to assist specified parties in evaluating subject matter or an assertion as a result of a need or needs of the specified parties.Because the specified parties require that findings be independently derived, the services of a practitioner are obtained to perform procedures and report his or her findings. The practitioner does not provide an opinion or negative assurance.”

“Instead, the practitioner’s report on agreed-upon procedures should be in the form of procedures and findings.  As a consequence of the role of the specified parties in agreeing upon the procedures performed or to be performed, a practitioner’s report on such engagements should clearly indicate that its use is restricted to those specified parties.” AICPA AT Section:Statements on Standards for Attestation Engagements 201Agreed-Upon Procedures Engagements)

We have a lot of experiences of agreeing  upon procedures, performing procedures and preparing agreed-upon procedures report. We offer clients reports both in English and in Japanese in response to client’s request.