Due to the role of the parties specified in the agreement on the procedures performed or to be performed, it should be clear in a physician`s report on these orders that its use is limited to the specified parties.fn 4 These specified parties, including the customer, are hereinafter referred to as the specified parties. Below are additional illustrations of the reports on the application of agreed procedures to the items, accounts or elements of the financial statements. If, on the basis of his or her professional judgment, the practitioner concludes that there is a reasonable justification for a change in the mandate and provided that he complies with the standards applicable to the agreed procedural mandates, the practitioner should prepare an appropriate report on the agreed procedures. The report should not contain a reference to the original engagement or performance constraints that led to the change in engagement. (See point .40.) fn 14 The purpose of limiting the use of the practitioner`s report on the application of the agreed procedures is to limit its use to those parties who have agreed on the procedures implemented and who have assumed responsibility for the adequacy of the procedures. Paragraph .36 describes the procedure for adding parties that was not initially provided for in the agreed procedures. The practitioner does not have to perform procedures that go beyond the agreed procedures. However, in the context of the application of agreed procedures, if the practitioner is otherwise brought to the practitioner`s attention of issues that significantly contradict the subject matter (or related written claim) in the practitioner`s report, this issue should be included in his report.fn18 For example, if, as part of the application of the agreed procedures relating to the internal control of a company, if the practitioner is by other means that the implementation of the agreed procedure becomes aware of a significant weakness, the practitioner should include this issue in his report. Some parties are responsible for the sufficiency (type, timing and scope) of the agreed procedures, as they best understand their own needs. Those parties run the risk that such proceedings will not be sufficient for their purposes. In addition, the specified parties run the risk of misunderstanding or inappropriate use of the conclusions properly reported by the practitioner.
A practitioner may agree to apply procedures for the information documented in the internal auditors` working papers. For example, the practitioner may agree – Article 105 of the AT-C requires the independence of a practitioner in the performance of assurance engagements, unless a law or regulation requires the practitioner to accept the engagement and the report on the subject. B for example, compliance with sec due diligence form 15E, Certification of Provider of Third-Party Due Diligence Services for Asset-Backed Securities. This is not modified by SSAE #19. The practitioner must have sufficient knowledge of the specific purpose to which the agreed procedures are to be applied. He or she can acquire this knowledge through formal or continuing education, practical experience or consultations with others.fn 5 [Add paragraphs to list procedures and results.] The Center for Plain English Accounting (CPEA) is AICPA`s national A&A resource center, helping members meet accounting, auditing, attestation, review, and compilation requirements by easily sharing technical advice and guidance. For more information about the benefits of membership, see aicpa.org/cpea. If the specified parties agree with the procedures performed or to be performed and assume responsibility for the adequacy of the procedures to be included in the agreed procedural undertaking, one of the following actions will be considered an appropriate basis for requesting a change in the mandate: The date of completion of the agreed procedures should be used as the date of the practitioner`s report. We found no exceptions as a result of these procedures. A landlord hires a practitioner to perform the agreed procedures according to a schedule for the costs of maintaining a commercial rental property in the common area in order to present them to all associated tenants. Before publishing SSAE No.
19, Commitments to Agreed Procedures, if tenants were allowed to use the report, the practitioner had to get tenants to agree in advance to the appropriateness of the procedures. According to SSAE No. 19, the practitioner does not have to make the tenants accept the adequacy or adequacy of the procedures carried out. If the Accepting Party determines that it is appropriate to obtain the consent of the Tenants as to the appropriateness of the procedures, the Accepting Party will do so as part of its recognition to the Practitioner. The practitioner could also prepare a general report. fn 13 If the practitioner agrees to include his or her report on an agreed procedural mandate in a document or written communication containing the company`s financial statements, he or she should refer to STANDARD 3320, Association with Financial Statements, or the Statement on Standards for Accounting and Auditing Services (SSARS) No. . .