Discussion Paper, Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards

IAASB
Nov 29, 2016 | Exposure Drafts and Consultation Papers
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Comments due by: Mar 29, 2017

This Discussion Paper, issued by the International Auditing and Assurance Standards Board (IAASB)’s Agreed-Upon Procedures (AUP) Working Group, sets out the key features of an AUP engagement and explores how they are undertaken, including the extent to which practitioners find existing requirements and guidance helpful or challenging. In addition, the IAASB is seeking an understanding of how reports on factual findings are used to determine the needs of users. The Discussion Paper also explores the demand for engagements that combine reasonable assurance, limited assurance, and non-assurance engagements, and whether the IAASB’s existing International Standards are appropriate.

Stakeholder input will be helpful to assist the IAASB in determining what is needed to meet stakeholder’s needs, including standard setting and other possible actions.

Comments on the Discussion Paper are requested by March 29, 2017.

 

Copyright © 2019 The International Federation of Accountants (IFAC). All rights reserved.

Submitted Comment Letters

1. Provincial Auditor of Saskatchewan  (Canada)
February 13, 2017

2. Crowe Horwath International
March 7, 2017

3. WPK (Wirtschaftsprueferkammer)  (Germany)
March 8, 2017

4. AASB  (Canada)
March 13, 2017

5. NASBA
March 20, 2017

6. ICAEW  (United Kingdom)
March 20, 2017

7. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW)  (Germany)
March 21, 2017

8. Kingston Smith LLP  (United Kingdom)
March 22, 2017

9. European Commission  (Belgium)
March 24, 2017

10. South African Institute of Professional Accountants (SAIPA)  (South Africa)
March 24, 2017

11. Malaysian Institute of Accountants  (Malaysia)
March 24, 2017

12. ICAS  (United Kingdom)
March 24, 2017

13. European Federation of Accountants and Auditors for SMEs (EFAA)
March 24, 2017

14. The Institute of Chartered Accountants of Sri Lanka.  (Sri Lanka)
March 27, 2017

15. ASSIREVI  (Italy)
March 27, 2017

16. Ernst & Young Global Limited
March 27, 2017

17. The Malaysian Institute of Certified Public Accountants  (Malaysia)
March 27, 2017

18. New Zealand Auditing and Assurance Standards Board
March 28, 2017

19. CIPFA  (United Kingdom)
March 28, 2017

20. The Japanese Institute of Certified Public Accountants  (Japan)
March 28, 2017

21. AICPA  (United States)
March 28, 2017

22. BDO  (United Kingdom)
March 29, 2017

23. Chartered Accountants Australia and New Zealand  (Australia, New Zealand)
March 29, 2017

24. PKF International Limited
March 29, 2017

25. KPMG IFRG Limited
March 29, 2017

26. ISCA  (Singapore)
March 29, 2017

27. FAR - the Institute for the Accountancy Profession in Sweden  (Sweden)
March 29, 2017

28. KICPA  (Korea, Republic of)
March 29, 2017

29. The Institute of Chartered Accountants (Ghana)  (Ghana)
March 29, 2017

30. The South African Institute of Chartered Accountants  (South Africa)
March 29, 2017

31. FEDERACION ARGENTINA DE CONSEJOS PROFESIONALES DE CIENCIAS ECONÓMICAS  (Argentina)
March 29, 2017

32. Independent Regulatory Board for Auditors (IRBA)  (South Africa)
March 29, 2017

33. Hong Kong Institute of Certified Public Accountants  (Hong Kong (Special Administrative Region of China))
March 29, 2017

34. PwC International Limited
March 29, 2017

35. INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA  (Uganda)
March 29, 2017

36. Grant Thornton International Limited
March 29, 2017

37. Audit New Zealand  (New Zealand)
March 29, 2017

38. Association of Chartered Certified Accountants (ACCA)
March 29, 2017

39. Chartered Accountants Ireland  (Ireland)
March 30, 2017

40. Institute of Chartered Accountants of Zimbabwe  (Zimbabwe)
March 30, 2017

41. Royal NBA, the Netherlands Institute of Chartered Accountants  (Netherlands)
March 30, 2017

42. IFAC SMP Committee
March 30, 2017

43. IBR-IRE  (Belgium)
March 31, 2017

44. RSM
March 31, 2017

45. 14000registry  (Canada)
March 31, 2017

46. Accountancy Europe  (Belgium)
April 3, 2017

47. Federation of Accounting Professions  (Thailand)
April 5, 2017

48. CPA Australia  (Australia)
April 11, 2017

49. Altaf Noor Ali Chartered Accountants  (Pakistan)
April 12, 2017

50. Australian Auditing and Assurance Standards Board  (Australia)
April 19, 2017

51. FSR - danske revisorer  (Denmark)
April 19, 2017

52. Compagnie Nationale des Commissaires aux Comptes  (France)
May 10, 2017

53. The Institute of Internal Auditors South Africa  (South Africa)
May 11, 2017

54. Deloitte Touche Tohmatsu Limited
June 6, 2017

 

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