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This document details the agreed-upon procedures performed by independent accountants to assist the Democratic Executive Committee in evaluating compliance with Ohio Revised Code Sections 3517.17

How to fill out agreed-upon procedures report

How to fill out Agreed-Upon Procedures Report

1. Step 1: Title the report as 'Agreed-Upon Procedures Report'.
2. Step 2: Include a statement of the purpose of the report and the specific procedures agreed upon by the parties involved.
3. Step 3: Describe the subject matter and the period under review.
4. Step 4: State the responsibilities of the practitioners and the engaging party.
5. Step 5: Detail each procedure performed and the findings for each procedure clearly.
6. Step 6: Include any limitations or restrictions on the use of the report.
7. Step 7: Conclude with the practitioner's opinion on the findings.

Who needs Agreed-Upon Procedures Report?

1. Businesses undergoing audits.
2. Organizations requiring compliance verification.
3. Stakeholders seeking assurance on financial statements.
4. Regulatory bodies for oversight purposes.
5. Investors needing due diligence information.

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 report that outlines specific procedures that auditors or accountants have agreed to perform on a company’s financial information, without providing an opinion or assurance.

Who is required to file Agreed-Upon Procedures Report?

Organizations that require verification of specific financial information, often for regulatory or compliance purposes, may be required to file an Agreed-Upon Procedures Report. This can include public companies, non-profits, and certain private organizations.

How to fill out Agreed-Upon Procedures Report?

To fill out an Agreed-Upon Procedures Report, identify the specific procedures to be performed as agreed upon by the parties involved, document the results of those procedures, and summarize the findings in a clear and organized manner.

What is the purpose of Agreed-Upon Procedures Report?

The purpose of an Agreed-Upon Procedures Report is to provide stakeholders with the results of specific procedures performed on financial data, without giving a full audit opinion, thereby offering transparency and accountability.

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

An Agreed-Upon Procedures Report must include the procedures performed, the findings based on those procedures, any limitations of the report, and the conditions under which the procedures were agreed upon.