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Guide for AgreedUpon Procedures Engagements For Local Education Agencies and CommunityBased Organizations (Revised June 2017)OFFICE OF TESTATE AUDITOROffice of the State Auditor Guide for AUP Engagements For

How to fill out agreed-upon procedures engagement

How to fill out agreed-upon procedures engagement

1. Review the agreed-upon procedures engagement letter, which outlines the scope and objectives of the engagement.
2. Familiarize yourself with the specific procedures that need to be performed. These procedures could vary depending on the objective of the engagement.
3. Gather all the necessary documentation and information that will be required to perform the agreed-upon procedures.
4. Develop a systematic approach to conduct the procedures, ensuring they are performed accurately and in accordance with professional standards.
5. Document the procedures performed and any findings or observations encountered during the engagement.
6. Analyze and interpret the results obtained from the procedures, ensuring they are consistent with the objectives defined in the engagement letter.
7. Prepare a clear and concise report summarizing the procedures performed, the findings, and any recommendations for improvement.
8. Present the report to the relevant stakeholders, including management, auditors, or regulatory bodies, as required.
9. Address any questions or follow-up requests from the stakeholders regarding the engagement.
10. Follow up on any outstanding issues or recommendations to ensure they are properly addressed and resolved.

Who needs agreed-upon procedures engagement?

1. Agreed-upon procedures engagements are typically required by clients who have specific objectives or areas of concern that need to be examined or tested.
2. Various stakeholders may need an agreed-upon procedures engagement, including management, auditors, regulatory bodies, or other parties with an interest in the subject matter.
3. Common examples of entities that may require agreed-upon procedures engagements include financial institutions, government agencies, nonprofit organizations, and publicly traded companies.

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What is agreed-upon procedures engagement?

Agreed-upon procedures engagement is an assurance engagement where an auditor performs specific procedures agreed upon by the clients and other parties to report findings without expressing an opinion.

Who is required to file agreed-upon procedures engagement?

Entities, typically those seeking specific verification of financial information or compliance, may be required to file agreed-upon procedures engagement based on regulatory or contractual requirements.

How to fill out agreed-upon procedures engagement?

To fill out an agreed-upon procedures engagement, the parties involved must outline the specific procedures to be performed, document the objectives, and obtain agreement from all parties before the engagement begins.

What is the purpose of agreed-upon procedures engagement?

The purpose of an agreed-upon procedures engagement is to provide a report on factual findings resulting from procedures performed, which can help stakeholders make informed decisions based on the report.

What information must be reported on agreed-upon procedures engagement?

The report on agreed-upon procedures engagement must include the nature of the procedures performed, the results of the procedures, and any limitations of the engagement, as well as a disclaimer regarding the lack of an opinion.