Wiley Practitioner's Guide to GAAS 2015: Covering all SASs, SSAEs, SSARSs, PCAOB Auditing Standards, and Interpretations

AT 201 Agreed-Upon Procedures Engagements¹

ORIGINAL PRONOUNCEMENT

Original Pronouncement

Statement on Standards for Attestation Engagements (SSAE) 10, Attestation Standards: Revision and Recodification, as amended by SSAE 11.

APPLICABILITY

AT 201 applies when performing all agreed-upon procedures engagements, except the following:

1. Situations in which an accountant reports on specified compliance requirements based solely on an audit (see AU-C Section 806, Reporting on Compliance With Aspects of Contractual Agreements or Regulatory Requirements in Connection With Audited Financial Statements)
2. Engagements for which the objective is to report in accordance with AU-C Section 935, Compliance Audits, unless the terms of the engagement specify that the engagement be performed pursuant to SSAEs
3. Engagements covered by AU-C Section 920, Letters for Underwriters and Certain Other Requesting Parties
4. Certain professional services that would not be considered as falling under this section as described in AT 101.04

When performing agreed-upon procedures on prospective information or compliance matters, the practitioner should refer to AT Section 301, Forecasts and Projections, and AT Section 601, Compliance Attestation.

DEFINITIONS OF TERMS

Agreed-upon procedures engagement. An agreed-upon procedures engagement is one in which a practitioner is engaged by a client to issue a report of findings based on specific procedures performed on subject matter. The client engages the practitioner ...