Agreed-upon procedure engagement is a scheme in which an auditor, their customer, and the third party agree on the term that the auditor will keep their report. The report is based on the factual finding of financial information and allowed for the parties who agreed with the terms and not allow sharing others. To discuss : The reasons that practitioner satisfy the requirement that specified users take responsibility for the adequacy of procedure performed on an agreed-upon procedure engagement

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Chapter 21, Problem 21.4RQ

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Concept Introduction:Agreed-upon procedure engagement is a scheme in which an auditor, their customer, and the third party agree on the term that the auditor will keep their report. The report is based on the factual finding of financial information and allowed for the parties who agreed with the terms and not allow sharing others.

To discuss: The reasons that practitioner satisfy the requirement that specified users take responsibility for the adequacy of procedure performed on an agreed-upon procedure engagement

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