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This document presents the results of the agreed-upon procedures performed on the cash-basis accounting records of Emerald Township, Paulding County for the years ended December 31, 2010 and 2009.

How to fill out agreed-upon procedures report

How to fill out Agreed-Upon Procedures Report

1. Title the report as 'Agreed-Upon Procedures Report'.
2. Identify the purpose of the report, clarifying the specific procedures that will be performed.
3. Detail the parties involved, including the management and the practitioner.
4. Specify the period during which the procedures will be conducted.
5. List the agreed-upon procedures in a clear and concise manner.
6. Document the results of each procedure performed.
7. Include a conclusion summarizing the findings and outlining any limitations.
8. Ensure that all parties involved sign the report to acknowledge agreement.

Who needs Agreed-Upon Procedures Report?

1. Businesses requiring independent verification of specific processes.
2. Investors seeking assurance on financial figures.
3. Creditors needing confirmation of financial health.
4. Government agencies for compliance verification.
5. Auditors who need supportive documentation on specific procedures.

People Also Ask about

What should the report on an agreed-upon procedures engagement contain?

. 21 The report of an agreed-upon procedures engagement needs to describe the purpose and the agreed-upon procedures of the engagement in sufficient detail to enable the user to understand the nature and extent of the work performed.

What is the objective of agreed upon procedures?

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.

What is an example of an agreed-upon procedure?

Examples of agreed-upon procedures The following are several examples: Due diligence reviews required before acquisitions or other major contracts. Testing of internal controls, security procedures and fraud detection processes.

What is a practitioner's report on agreed-upon procedures?

In an agreed-upon procedures engagement, the practitioner does not perform an examination or review engagement on the subject matter and does not provide an opinion or conclusion about the subject matter. The practitioner's report on agreed-upon procedures is in the form of procedures and findings.

What are the benefits of agreed upon procedures?

Customization and Flexibility: One of the primary benefits of AUP is the ability to tailor the procedures to meet specific needs. Businesses can focus on particular areas of concern or interest, such as specific financial transactions, internal processes, or compliance with certain regulations.

What is the meaning of agreed upon?

Definitions of agreed upon. adjective. constituted or contracted by stipulation or agreement. synonyms: stipulatory. noncontroversial, uncontroversial.

What are agreed procedures?

agreed procedure in British English (əˈɡriːd prəˈsiːdʒə ) noun. business. an official set of guidelines of the steps that should be followed in the event of a dispute between two parties, esp in arbitration between employee and employer.

What is the meaning of agreed-upon procedure?

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.

For pdfFiller’s FAQs

What is Agreed-Upon Procedures Report?

An Agreed-Upon Procedures Report is a type of independent audit report that outlines specific procedures that have been agreed upon by the auditor and the entity being audited. It details the findings based on those procedures without providing a full audit opinion.

Who is required to file Agreed-Upon Procedures Report?

Entities involved in specific transactions that require verification by a third party, such as financial institutions or companies undergoing due diligence, are typically required to file an Agreed-Upon Procedures Report.

How to fill out Agreed-Upon Procedures Report?

To fill out an Agreed-Upon Procedures Report, the auditor must identify the procedures to be performed, execute those procedures, document the results, and present them in the report format as agreed upon with the entity.

What is the purpose of Agreed-Upon Procedures Report?

The purpose of an Agreed-Upon Procedures Report is to provide stakeholders with factual findings resulting from specific procedures executed by the auditor, enhancing transparency and supporting decision-making.

What information must be reported on Agreed-Upon Procedures Report?

The report must include the agreed-upon procedures performed, the findings or results of those procedures, any limitations or qualifications, and the auditor's signature and contact information.