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This document is an independent accountant's report on the agreed-upon procedures performed for the Republican Party Executive Committee of Perry County, Ohio, to evaluate its compliance with Ohio

How to fill out agreed-upon procedures report

How to fill out Agreed-Upon Procedures Report

1. Start with the title of the report, stating 'Agreed-Upon Procedures Report'.
2. Include the date of the report preparation.
3. Provide the parties involved: specify the entity that requested the procedures and the CPA or firm conducting them.
4. Outline the specific agreed-upon procedures to be performed.
5. Describe the purpose of the report and the context of the engagement.
6. Detail the procedures conducted, including any tests and checks performed.
7. Present the findings clearly, noting any discrepancies or issues identified during the procedures.
8. Include any necessary appendices or supporting documentation.
9. Conclude with any relevant comments or recommendations, if applicable.
10. Obtain signatures from the CPA and the client agreeing to the content and findings.

Who needs Agreed-Upon Procedures Report?

1. Businesses undergoing financial audits or reviews.
2. Organizations seeking assurance on specific aspects of their financial statements.
3. Stakeholders requiring verified financial information for decision-making.
4. Regulatory bodies or external parties in need of compliance verification.
5. Investors looking for assurance on financial data integrity.

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 audit report that outlines specific procedures that were agreed upon by the engaging parties and the auditor. It includes findings based on the procedures performed but does not provide an overall opinion.

Who is required to file Agreed-Upon Procedures Report?

Organizations or individuals that require specific financial information or assurances typically file Agreed-Upon Procedures Reports, usually at the request of stakeholders, investors, or regulatory bodies.

How to fill out Agreed-Upon Procedures Report?

To fill out an Agreed-Upon Procedures Report, the auditor must: define the agreed-upon procedures, perform these procedures, document the findings, and present the results in a clear, structured report format.

What is the purpose of Agreed-Upon Procedures Report?

The purpose of an Agreed-Upon Procedures Report is to provide a factual presentation of findings based on specific procedures agreed upon by all relevant parties, helping them make informed decisions.

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

The Agreed-Upon Procedures Report must include the scope of the procedures, the procedures themselves, the findings from those procedures, and any limitations or disclaimers relevant to the report.