What are the contents of the report on an agreed upon procedures engagement?
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An agreed-upon procedure is a standard a company or client outlines when it hires an external party to perform an audit on a specific test or business process. The procedures, which are called audit standards, are designed and agreed upon by the entity conducting the audit, as well as any appropriate third parties. Show The auditor's report on the findings is usually restricted to those parties who developed the agreed-upon procedures because of the specificity of the desired results. For example, agreed-upon procedures may be developed by one entity that is considering purchasing another business. The purchasing entity would likely develop the agreed-upon procedures to help determine specific monetary or other information about the business it may acquire. In an audit conducted under agreed-upon procedures, the auditor provides only factual findings and does not offer opinions, conclusions or assurances in the final report. Instead, the auditor's report simply presents the facts, with the audit facilitators drawing their own conclusions from the findings. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. We also use cookies set by other sites to help us deliver content from their services. Unfortunately, the footnote ends there, so there's not much in the way of detail about what these restrictions are or how long they'd remain in effect in a potential post-acquisition world. Given COD's continued non-appearance on Game Pass, you've got to imagine the restrictions are fairly significant if they're not an outright block on COD coming to the service. Either way, the simple fact that Microsoft is apparently willing to maintain any restrictions on its own ability to put first-party games on Game Pass is rather remarkable, given that making Game Pass more appealing is one of the reasons for its acquisition spree. The irony of Sony making deals like this one while fretting about COD's future on PlayStation probably isn't lost on Microsoft's lawyers, which is no doubt part of why they brought it up to the CMA. While it's absolutely reasonable to worry about a world in which more and more properties are concentrated in the hands of singular, giant megacorps, it does look a bit odd if you're complaining about losing access to games while stopping them from joining competing services. Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area. Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. We also use cookies set by other sites to help us deliver content from their services. After 8 years, the fsa.gov.uk redirects will be switched off on 1 Oct 2021 as part of decommissioning. Ahead of this, please review any links you have to fsa.gov.uk and update them to the relevant fca.org.uk links. The Financial Services Authority (FSA) website has not been updated since 2013 when the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) were formed. In May 2019 the FSA website was turned off. You can access FSA content via the National Web Archives fsa.gov.uk site. Please navigate via the FSA menu to find your documents rather than using the search bars, as these are no longer supported. Most publications can be found under 'FSA Library'. This page may have been moved, deleted, or is otherwise unavailable. To help you find what you are looking for:
Still can’t find what you’re looking for? Send us a message using our contact us form. To report a broken link or other problems with the website, please include the URL. What is provided in a report based on an agreedAgreed-Upon Procedures (AUP) Engagements: the practitioner provides a report based on factual findings regarding financial information—no assurance is expressed. The report is not distributed publicly—it is restricted to those parties that have agreed to the procedures.
Which of the following should a practitioner include in an agreedA practitioner's report on agreed-upon procedures should contain which of the following statements? The procedures performed were those agreed to by the specified parties identified in the report.
What kinds of report is being issued in review engagement?Auditors conduct a review engagement after an accountant's completed an audit of a company's financial statements, and therefore, the auditor provides limited assurance on the accuracy of the financial statements.
What should an agreedAn agreed-upon procedures engagement results in the issuance of a report that identifies the procedures performed and the results obtained. The report would include a list of the procedures performed (or reference thereto) and the findings.
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