Agreed-upon procedure is probably one of the most under-utilized service engagement in the CPAs arsenal. An agreed-upon procedure engagement is one in which a practitioner is engaged by a client to issue a report of findings based on specific procedures performed on the subject matter. It is one of the alternate attestation services provided by the CPAs. Usually, the client engages with the practitioner to assist specified parties in evaluating subject matter or an assertion as a result of a need or needs of the specified project.
Key topics included in the webinar:
Recent changes for the upon procedures
Common uses of agreed-upon procedures
Common users of agreed-upon procedures
Nature and extent of services
Identifying responsible person for the procedures performed
Key characteristics of practitioners reporting about the procedure
Advantages of Agreed-upon services:
Customized service
Can be performed at any time during the year
Are independently prepared by credible professionals
Flexibility to select the procedures required to perform according to purpose
Cost-effective
Can be a standalone or a supplement service to other engagements such as audits and consultation
The webinar explores Agreed-upon procedures as a sustainable source of revenue and business development for the CPAs.
Learning Objectives
To review the recent changes for agreed upon procedures
To recognize the most common uses/users
To identify who is responsible for the procedures performed
To recognize the ultimate reporting provided by the practitioner
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Brad E. Muniz, CPA, Partner in Charge of Accounting and Auditing at Sobel & Company LLC, CPAs, Livingston, services businesses and individuals in the areas of accounting, auditing, tax and business consulting. Brad has over 30 years of experience in the areas of financial reporting, tax compliance and planning for closely held businesses, SEC registrants, non-profit organizations, individuals, and strategic business planning. Brad has significant experience in a variety of industries, including broker/dealers, real estate, technology/life sciences, retail, manufacturing, not-for-profit and SEC reporting.
A member of the New Jersey Society of CPAs since 1991. He has served on the NJSCPA Board of Trustees as president, secretary, treasurer and trustee. He served on the Finance, Committee Operations, Chapter Operations, NJ-CPA-PAC and Retirement Savings Plan committees; and Education Foundation Board of Trustees. He has served as a member of the Scholars Institute Advisory Board; Strategic Planning and Volunteer Relations committees; Accounting & Auditing Standards Interest Group; and as a Scholarship Fund Board of Trustee. In the Morris/Sussex Chapter, he has served as president, vice president, treasurer and director. He currently serves as Chair of the NJCPA Education Foundation and a member of the Professional Conduct Committee.
He is a member of the Allinial Global and has served on its CPE Committee and as vice chair of the Accounting & Auditing Committee.
In his community, Muniz is a board member for Stickley Museum at Craftsman Farms and served as treasurer for Family Intervention Services, and has served as a board member of for numerous other not for profit organizations, and member of the Knoll Golf Advisory Committee.
Muniz earned his B.A. in accounting from William Paterson University, where he currently serves on the College of Business Advisory and Advancement Board. He and his wife, Diane, reside in Parsippany.
SobelCo is a certified public accounting & consulting firm that has specialized in serving middle market family-owned businesses in the NY/NJ area since 1956.
We're proud of our mission and proud to be leaders in the community. We help our clients succeed by fostering an environment that encourages our staff's personal and professional growth, combined with a passion for the firm’s core values.
To accomplish this, we deliver a range of services including accounting, tax, & business consulting across various industries such as retail, manufacturing, distribution, construction, professional services and nonprofits. In addition, we offer internal controls, corporate integrity consulting, fraud and forensic services and strategic planning.
Our clients appreciate our technical expertise, our business acumen and our industry knowledge - but more than anything they appreciate our hands-on, partner level approach. We want our clients to know they are well-cared for and we work hard to maintain consistent communication with them, meeting with them informally and formally - arranging scheduled meetings and well as the occasional casual breakfast to discuss an emerging business challenge.
Our firm embraces core values that guide our actions and define our commitment. These core values reflect the way we treat each other, our clients and our community. As a result we have a culture that nurtures staff, provides excellent client service and gives back to our community.
FAQ
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Testimonial
4.6
(362)
63%
34%
3%
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SF
Sultan Faretdinov ,
Nov 23rd 2020
Brad really did went a step ahead in explaining the importance of the agreed upon procedures and made us realise how important it is in today's world. After attending this webinar i was clearly able to identify the responsible persin for the procedures performed, and we were able to recifity at that very step only. I am glad to have been able to make these agreed upon procedures list which initally felt like a less required or not so important task.
JF
Joseph Fixler ,
Nov 23rd, 2020
I was able to identify the common set of procedures that can be used for common users considering the nature of the services of my business i was able to implement the changes according with the help of the tutor, he guided me thoroughly to harness maximum clients using the set of agreed upon procedures.
GS
Garrett Smith ,
Nov 23rd, 2020
After signing up for the webinar i already had few questions on my mind since i proactively started searching for the same in order to be ahead of the webinar and its attendees, i asked the doubts during my interview which was answered by Mr. Brad thoroughly and in depth with all the consequences and explanation for each step.
BB
barbara bessemer ,
Nov 23rd, 2020
Glad to have attend this webinar, i wish this webinar was listed sooner since we recently updated our agreed upon procedures & this webinar provided us a real time check for all the wrongs in our procedures and loopholes, so after considering all the scenarios we made again the agreed upon procedures based on the instructions by Brad.
JK
Janet Kimbro ,
Nov 23rd, 2020
Totally love the webinar! i highly recommend this webinar to alll the firms who dont have an agreed upon dprocedures or yet to make one, this clearly has alot of leverage in creating an agreed upon services procedure which is alot helpful in longer run to incoprate your expanding services as well a\identifying the responsible person for any specific task.
AA
Ashraf Abdallah
Feb 5th, 2021
This course was exceptional because it deffreciated between concepts of Agreed Upon Procedures, Internal Auditiing, Consultancy, external audit,. Many thanks to the experienced and respected instructor.
