88 paragraphs found
If the engaging party’s requirements alter during the course of the engagement which require the assurance practitioner to draw conclusions from the findings, the terms of the agreed-upon procedures engagement cannot be extended to the provision of …
The assurance practitioner shall provide a report of factual findings for the agreed-upon procedures engagement. In contrast to an assurance report, a report of factual findings does not include an evaluation of those findings in order to draw a …
The assurance practitioner shall not express a conclusion or opinion in an agreed-upon procedures engagement as the assurance practitioner has not performed a risk assessment, responded to assessed risks by determining the procedures to be performed or …
If the assurance practitioner is undertaking an agreed-upon procedures engagement in parallel with an assurance engagement, the factual findings from the agreed-upon procedures engagement shall be presented separately from the report on the assurance …
Use of the report shall be restricted to those parties that have either agreed to the procedures to be performed or have been specifically included as intended users in the engagement letter since others, unaware of the reasons for the procedures, may …
The report of factual findings for an agreed-upon procedures engagement shall contain: (Ref: Para. A18-A19 ) a title; an addressee (ordinarily the engaging party); identification of the specific information to which the procedures have been applied; a …
If the assurance practitioner is required by law or regulation to use a specific layout or wording for the report of factual findings, the report of factual findings shall refer to ASRS 4400 only if the assurance practitioner’s report includes, at a …
Law or regulation of the relevant jurisdiction may prescribe the layout or wording of the report of factual findings in a form or in terms which are significantly different from the requirements of this standard. In these circumstances, the assurance …
The assurance practitioner shall not issue modifications or an emphasis of matter in a report of factual findings, as no conclusion or opinion is expressed. Nevertheless, the following matters, if applicable, are reported as part of the factual findings: …
The report of factual findings for an agreed-upon procedures engagement shall be clearly distinguished from an assurance report in that it shall not contain: a statement of compliance with AUASB standards, except for reference to ASRS 4400; inappropriate …