88 paragraphs found
When conducting an agreed-upon procedures engagement, the assurance practitioner shall comply with ethical requirements equivalent to the ethical requirements applicable to Other Assurance Engagements, [4] including those pertaining to independence, …
The assurance practitioner shall obtain an understanding of the needs and objectives of the intended users, including a class of intended users, of the assurance practitioner’s report of factual findings and the purpose for which that report will be used. …
A regulator or representative of a class of users, industry or the accounting profession may specify the agreed-upon procedures to be performed to meet the needs of a class of intended users. In these circumstances, the assurance practitioner shall be …
Before accepting an agreed-upon procedures engagement, the assurance practitioner shall determine that the persons who are to perform the engagement collectively have the appropriate competence and capabilities to perform the …
The assurance practitioner shall not accept an agreed-upon procedures engagement if, in the professional judgement of the assurance practitioner: the provision of factual findings alone which provide no assurance is unlikely to meet the needs of the …
In order to establish whether the preconditions of an agreed-upon procedures engagement are present, the assurance practitioner shall obtain agreement from management [and, where appropriate, those charged with governance and intended users] that it …
The agreed terms of the engagement shall be recorded in an engagement letter or other suitable form of written agreement and shall include: (Ref: Para. A11-A13 ) the objective and scope of the engagement; confirmation of the assurance practitioner‟s …
The nature, timing and extent of procedures shall be specified in the terms of the engagement in sufficient detail such that the assurance practitioner will not be required, during the course of the engagement, to exercise professional judgement in …
When conducting an agreed-upon procedures engagement, if the assurance practitioner is unable to perform the exact nature, timing or extent of procedures agreed, but alternative procedures can be performed and the engaging party requires those procedures …
The assurance practitioner shall plan the work so that the engagement will be performed in an effective manner, in accordance with the terms of the engagement and this …