AGREED UPON PROCEDURES

4.6 (330)

Brad Muniz

Sobel & Co LLC

  • CPA

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

Overview

  • Agreed Upon Procedure Engagements8 mins
  • Agreeing on the Terms of the Engagements20 mins
  • External Specialist / Internal Auditor31 mins
  • Written Representations40 mins
  • Third Party Verification Letters45 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
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Entrepreneurial CPA
  • Senior Accountant
  • Entrepreneurial Accountant
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant

Testimonial

4.6

(330)
64%
33%
3%
0%
0%

SF

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

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

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

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

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.

DT

Relevant topics for the seasoned professional or someone who may want to expand their understanding. Good information and experience offered by instructor. Presenters were upbeat and passionate about instructors