CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Agreed Upon Procedures

4.7 (9)

Brad Muniz

SobelCo

  • CPA Canada
  • CIA
  • CPA
  • CVA

Published: January, 2021

1 Credit

$10

Subject Area

Accounting & Auditing

Webinar Qualifies For

1 CPE credit of Accounting & Auditing for all CPAs

1 CPE credit for Certified Internal Auditors (CIA)

1 CPD credit (Verifiable) for Canadian CPAs

1 CPE credit of Professional Standards for CVAs (NACVA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Agreed Upon Procedure Engagements
    8 mins
  • Agreeing on the Terms of the Engagements
    20 mins
  • External Specialist / Internal Auditor
    31 mins
  • Written Representations
    40 mins
  • Third Party Verification Letters
    45 mins

Course Description

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

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Tax Firm
  • Young CPA

Testimonial

4.7

(9)
78%
11%
11%
0%
0%

AV

Excellent

LD

Good review of Agreed Upon Procedures!