The agreed-upon procedures report - Key focus areas

• The practitioner needs to determine if there are independence requirements that apply, on each AUP engagement. The AUP report must reflect the particulars of that particular engagement. • Certain reporting matters that should be included in the AUP report in terms of the extant ISRS 4400 are not required by ISRS 4400 (Revised). • The illustrative reports in Appendix 2 of ISRS 4400 (Revised) are based on certain assumptions. The report issued on each AUP engagement must reflect the assumptions of that particular engagement – its assumptions may not be the same as those of the illustrative reports. • When drafting an AUP report in terms of ISRS 4400 (Revised), or when updating AUP template reports, it is recommended to start with the requirements of the Standard, not with the illustrative reports. • For every AUP engagement, the AUP report and engagement letter must be aligned.