123 paragraphs found
For example, a procedure such as “review cost allocations to determine if they are reasonable” is unlikely to meet the condition for terms to be clear, not misleading, or not subject to varying interpretations because: The term “review” may be …
In circumstances when law or regulation specifies a procedure or describes a procedure using terms that are unclear, misleading, or subject to varying interpretations, the practitioner may satisfy the condition in paragraph 22(c) by, for example, …
Paragraph 22(e) applies when the practitioner is required to comply with independence requirements for reasons such as those set out in paragraph A15 . Paragraph 22(e) also applies when the practitioner agrees with the engaging party, in the terms of …
The practitioner may be the auditor of the financial report of the engaging party (or responsible party if different from the engaging party). In such a circumstance, if the practitioner is also engaged to conduct an agreed-upon procedures engagement, …
When relevant, additional matters may be included in the engagement letter, for example: Arrangements concerning the involvement of a practitioner’s expert in some aspects of the agreed-upon procedures engagement. Any restrictions on the distribution of …
An illustrative engagement letter for an agreed-upon procedures engagement is set out in Appendix 1 . …
The practitioner may agree with the engaging party that the procedures to be performed will include quantitative thresholds for determining exceptions. If so, these quantitative thresholds are included in the descriptions of the procedures in the terms of …
In some circumstances, law or regulation may prescribe only the nature of the procedures to be performed. In such circumstances, in accordance with paragraph 24(i) , the practitioner agrees the timing and extent of procedures to be performed with the …
In some circumstances, agreeing the terms of engagement and performing the agreed-upon procedures takes place in a linear and discrete manner. In other circumstances, agreeing the terms of engagement and performing the agreed-upon procedures is an …