AT 201: Agreed-Upon Procedures Engagements1
EFFECTIVE DATE AND APPLICABILITY
|Original Pronouncement||Statement on Standards for Attestation Engagements (SSAE) 10, Attestation Standards: Revision and Recodification, as amended by SSAE 11.|
|Effective Date||These statements currently are effective.|
|Applicability||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 Section 623, Special Reports)
2. Engagements for which the objective is to report in accordance with AU Section 801, Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of Governmental Financial Assistance
3. Circumstances covered by AU Section 324, Service Organizations, when the service auditor is requested to apply substantive procedures to user transactions or assets at the service organization and he or she makes specific reference in the service auditor’s report to having carried out designated procedures
4. Engagements covered by AU Section 634, Letters for Underwriters and Certain Other Requesting Parties
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 ...