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In an agreed-upon procedures engagement, the practitioner performs the procedures that have been agreed upon by the practitioner and the engaging party, where the engaging party has acknowledged that the procedures performed are appropriate for the purpose of the engagement.
AUP is a standard that a company or client outlines when it hires an external party to perform an audit on a specific test or business process. AUP engagements are a special type of attest service that differs docHubly from consulting services in purpose and reporting and performance requirements.
The objective of an agreed-upon procedures engagement is for the auditor to carry out procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings.
Agreed-upon procedures can be useful for business owners who need a report of findings on specific matters, but do not require a financial statement audit where formal opinions or conclusions are drawn.
An agreed-upon procedure is a standard a company or client outlines when it hires an external party to perform an audit on a specific test or business process.
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Agreed Upon Procedures (AUP) is a type of engagement in which an independent auditor performs specific procedures agreed upon with the client. These procedures are designed to meet the clients particular needs and are tailored to address specific areas of concern.
A statement that an agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the intended purpose of the engagement and reporting on findings based on the procedures performed.
The standard states that independence is not a requirement for agreed-upon procedures engagements, however the terms of the engagement or national standards may require the professional accountant to comply with the independence requirements of the Code of Ethics for Professional Accountants.

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