Agreed Upon Procedures: CSRS 4400

Overview:

Agreed-upon procedures engagements are a good tool to meet your client’s needs. There are times where an assurance engagement does not meet the requirements of the users needs or does not make sense in the circumstances. An agreed-upon procedures engagement (CSRS 4400) can be performed on both financial and non-financial subject matters.

This verifiable CDP course will help practitioners to understand unique aspects of an agreed-upon procedures engagement including determining procedures that are objective and not subject to interpretation. Unlike an assurance engagement where the practitioner determines the appropriate procedures, the engaging party and the practitioner determines the procedures which result in factual findings. This course walks through real-life examples of agreed-upon procedures to help better meets the needs of clients.

Through illustrative examples, guidance on practical application and exploration of the standard, you will strengthen your ability to develop agreed-upon procedures, and report findings and exceptions.

Learning Objectives:

Upon completing this course, you should be able to:

• Appreciate the requirements of CSRS 4400
• Understand client acceptance or continuance matters including independence considerations
• Establish appropriate terminology of procedures to be performed
• Determine when the use of an expert may be required
• Understand the requirements of the engagement letter
• Report findings and understand how exceptions are identified
• Prepare the AUP report

Who Will Benefit: 

 Auditors at all levels would benefit from this course.