P A R Y & Co
P A R Y & CO

Agreed Upon Procedures

In an engagement to perform agreed upon procedures, the auditor is usually required to give a report on the factual findings, based on specified procedures performed on specified subject matters of specified elements, accounts or items of financial statements. It could be regarding both financial and non-financial information. There is no assurance expressed in this type of a report (As per AAS 32).

This service basically could includes following type of assignments:
  • Financial and performance audits of state and local governments
  • Internal control reviews and evaluations
  • Management and operational audits