“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.