Video: Agreed-Upon Procedures Report

This lesson covers the components of an Agreed-Upon Procedures Report, which is the final deliverable of an agreed-upon procedures engagement containing all the findings. Nick Palazzolo, CPA, discusses the key elements to be included in the report, such as a description of the procedures performed and the findings, statements emphasizing that the practitioner does not take responsibility for the subject matter or provide assurance, and confirmation that the client has agreed to the procedures. Additionally, the lesson emphasizes the practitioner's independence, compliance with AICPA and SSVAE standards, and a disclaimer of responsibility for the sufficiency of the procedures. The importance of specifying materiality thresholds, including the client's name and address, and determining the report's date based on the completion of the agreed-upon procedures is also addressed.