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Report No. DODIG2014122I spec tor Ge né Yalu. S. Department of DefenseSEPTEMBER 26, 2014Independent Auditors Report on the AgreedUpon Procedures for Reviewing the FY 2014 Civilian Payroll Withholding
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Form agreed-upon procedures are typically needed by auditors or accounting firms who have been engaged to perform agreed-upon procedures engagements. These engagements involve examining specific subject matter or performing procedures on specific subject matter and reporting the findings. The form helps guide the auditors in documenting their procedures, findings, and conclusions in a standardized format.
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The form agreed-upon procedures is used to document specific procedures that an independent auditor has agreed to perform on behalf of a client, often concerning compliance and internal controls.
Typically, entities that need to undergo audits for compliance or financial assurance are required to file this form, particularly if stakeholders need to be assured about the effectiveness of processes.
To fill out the form agreed-upon procedures, a client must provide relevant details regarding the agreed-upon procedures, the scope of work, and any specific performance criteria that the auditor will be assessing.
The purpose of the form agreed-upon procedures is to outline the exact nature of the procedures to be performed by the auditor, ensuring transparency and clarity for both the client and stakeholders.
Information that must be reported includes specific procedures to be performed, the timeframe for completion, responsible parties, and the intended users of the report.
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