Other Engagements - Agreed Upon Procedures (CSRS 4400)

Overview: 

CSRS 4400 – Agreed-upon Procedures Engagements is effective for agreed-upon procedures engagements for which the terms of engagement are agreed on or after January 1, 2022. This course will provide an overview of what’s covered in the standard, such as the use of professional judgment in an agreed-upon procedures engagement, using the work of a practitioner’s expert and undertaking an agreed-upon procedures engagement together with another engagement.

Course Content:

In this course, you will gain knowledge about the following topics:

• Introduction to agreed-upon procedures engagements 
• Effective date
• Canadian amendments to ISRS 4400 (Revised) 
  • independence requirements 
  • applicability of quality control / upcoming quality management standards 
• Engagement acceptance and continuance 
• Agreeing to the terms of the engagement 
• Performing the agreed-upon procedures 
• Professional judgment in an agreed-upon procedures engagement 
• Using the work of a practitioner’s expert 
• Documentation requirements 
• Undertaking an agreed-upon procedures engagement together with another engagement 
• The form and content of an agreed-upon procedures report

Learning Objectives:

Upon completing this course, you should be able to:

• Describe the requirements of the standard 
• Identify the stages of the engagement that will be affected by the standard
• Assess the impact of the standard on the work to be performed and documented

Who Will Benefit: 

This course is intended for accountants working in public practice that perform, or intend to perform, agreed-upon procedures engagements.