This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.

Auditing According to Agreed Procedures

As agreed previously with Management, it consists of carrying out specific auditing procedures. The objective of agreed-upon procedures is to have an auditor carry out the auditing procedures as agreed by the auditor, the entity and any appropriate third party, and notify the results.

Since the auditor simply provides a financial report based on facts from the agreed-upon procedures, there is no certainty expressed. In its place, users of the report evaluate themselves, the procedures and the estimates reported by the auditor and then extract their own conclusions from the work of the auditor.