Wiley Practitioner's Guide to GAAS 2023, 2nd Edition

57AT-C 215 Agreed-Upon Procedures Engagements

• Scope
• Objectives of AT-C 215
• Requirements
  • Independence
  • Preconditions
  • Terms of Engagement
  • Procedures
  • Involvement of a Practitioner's External Specialist
  • Involvement of Internal Auditors or Other Practitioners
  • Written Representations
  • The Practitioner's Report
  • Knowledge of Matters Outside Procedures
  • Restrictions on the Performance of Procedures
  • Adding Specified Parties
  • Communicating with the Responsible and Engaging Partners
  • Documentation
• Statement of Position 21-1
  • Performing Agreed-Upon Procedures Related to Rated Exchange Act Asset-Backed Securities Third-Party Due Diligence Services: SEC Release No. 34-72936
• Illustrations—Illustrative Practitioner's Agreed-Upon Procedures Reports (AT-C 215.A77)

SCOPE

AT-C 215 applies when performing all agreed-upon procedures engagements. An agreed-upon procedures engagement is an attestation engagement where practitioners perform specific procedures on the subject matter and reports their findings without giving an opinion or conclusion. AT-C 215 does not apply to engagements to issue comfort letters to underwriters. Guidance for those engagements can be found in AU-C 920. (AT-C 210.01–.02 and .05–.06) See the chapter on the AT-C Preface for more information about the AT-C section structure.

If practitioners engage to perform agreed-upon procedures as part of or in addition to another type of service, AT-C 215 applies only to the agreed-upon procedures service. The report on agreed-upon ...