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This document outlines the agreed-upon procedures performed by independent accountants for the Republican Executive Committee of Franklin County, focusing on compliance with Ohio Revised Code requirements

How to fill out agreed-upon procedures report

How to fill out Agreed-Upon Procedures Report

1. Start with the title: clearly label the document as 'Agreed-Upon Procedures Report'.
2. Include a header with the date of the report and the names of the parties involved.
3. State the purpose of the report and reference the specific procedures that were agreed upon.
4. Outline the scope of the work performed, detailing the specific transactions or areas examined.
5. Present the methodology used in performing the agreed-upon procedures.
6. Provide detailed findings, including any discrepancies or issues identified during the procedure.
7. Conclude with a summary of the findings and any recommendations, if applicable.
8. Sign and date the report, and include the names and signatures of the individuals who conducted the procedures.

Who needs Agreed-Upon Procedures Report?

1. Businesses undergoing audits or seeking to verify specific financial or operational procedures.
2. Investors or stakeholders wanting assurance regarding certain aspects of a company.
3. Regulatory authorities requiring evidence of compliance with specific regulations.
4. Companies in merger or acquisition scenarios needing to assess financial integrity.
5. Organizations looking for independent reviews of their internal controls.

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 performed by an auditor, based on the agreement between the auditor and the engaging party.

Who is required to file Agreed-Upon Procedures Report?

Organizations or entities that require verification or confirmation of specific financial information, often by stakeholders, or regulatory bodies, may be 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 follow the predetermined procedures, document the results, and present findings in a clear and organized manner within the report.

What is the purpose of Agreed-Upon Procedures Report?

The purpose of an Agreed-Upon Procedures Report is to provide assurance on specific aspects of financial information as agreed upon by the auditor and the engaging party, without expressing an opinion on the overall financial statements.

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

The report must include the agreed-upon procedures performed, the findings and results of those procedures, any deviations or exceptions identified, and a statement on the limitations of the report.