Proposed International Standard on Related Services 4400 (Revised), Agreed-Upon Procedures Engagements

IAASB
Nov 15, 2018 | Exposure Drafts and Consultation Papers
English

All available Translations: French

Don't see your language? Request permission to translate

Comments due by: Mar 15, 2019

The International Auditing and Assurance Standards Board (IAASB) seeks public comment by March 15, 2019 on its Exposure Draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements.

Agreed-upon procedures (AUP) engagements are widely used in many jurisdictions and the demand for these engagements continues to grow. To ensure that the IAASB’s standard on AUP engagements remains relevant in the current business environment, the IAASB proposes to enhance key concepts in the standard, including:

  • The role of professional judgment in an AUP engagement.
  • Disclosures relating to the practitioner’s independence or lack thereof.
  • Guidance on appropriate or inappropriate terminology to describe procedures and findings in AUP reports.
  • The use of a practitioner’s expert in an AUP engagement.
  • Restrictions on the distribution and use of the AUP report.
 

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

Submitted Comment Letters

1. Crowe Global
December 10, 2018

2. FAR - the Institute for the Accountancy Profession in Sweden  (Sweden)
February 4, 2019

3. Provincial Auditor Saskatchewan  (Canada)
February 7, 2019

4. The Institute of Chartered Accountants of Namibia  (Namibia)
February 22, 2019

5. Belgian Institute of Registered Auditors (IBR-IRE)  (Belgium)
March 5, 2019

6. National Audit Office of Tanzania  (Tanzania, United Republic of)
March 6, 2019

7. NASBA  (United States)
March 7, 2019

8. Grant Thornton International Limited
March 7, 2019

9. New York State Society of Certified Public Accountants  (United States)
March 7, 2019

10. AASB Canada  (Canada)
March 8, 2019

11. Hong Kong Institute of Certified Public Accountants  (Hong Kong (Special Administrative Region of China))
March 11, 2019

12. ICAEW  (United Kingdom)
March 12, 2019

13. Asociacion Interamericana de Contabilidad AIC
March 13, 2019

14. Chartered Accountants Ireland  (Ireland)
March 13, 2019

15. Ernst & Young Global Limited
March 13, 2019

16. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW)  (Germany)
March 13, 2019

17. World Bank
March 14, 2019

18. Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA)
March 14, 2019

19. Australian Auditing and Assurance Standards Board (AUASB)
March 14, 2019

20. ICAS  (United Kingdom)
March 14, 2019

21. RSM International Limited
March 14, 2019

22. WPK - Wirtschaftsprueferkammer  (Germany)
March 14, 2019

23. KICPA  (Korea, Republic of)
March 15, 2019

24. The Japanese Institute of Certified Public Accountants  (Japan)
March 15, 2019

25. Instituto dos Auditores Independentes do Brasil  (Brazil)
March 15, 2019

26. ISCA  (Singapore)
March 15, 2019

27. Deloitte Touche Tohmatsu Limited
March 15, 2019

28. INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA (ICPAU)  (Uganda)
March 15, 2019

29. PwC
March 15, 2019

30. United States Government Accountability Office  (United States)
March 15, 2019

31. The Federation of Accounting Professions in Thailand  (Thailand)
March 15, 2019

32. PKF South Africa  (South Africa)
March 15, 2019

33. KPMG IFRG Limited
March 15, 2019

34. NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS - TANZANIA  (Tanzania, United Republic of)
March 15, 2019

35. BDO  (United Kingdom)
March 15, 2019

36. The Institute of Chartered Accountants of Pakistan  (Pakistan)
March 15, 2019

37. Accountancy Europe
March 15, 2019

38. AICPA  (United States)
March 15, 2019

39. Baker Tilly Virchow Krause LLP  (United States)
March 15, 2019

40. The South African Institute of Chartered Accountants  (South Africa)
March 15, 2019

41. Training and Advisory Services & Chartered Accountants Academy  (Zimbabwe)
March 15, 2019

42. Independent Regulatory Board for Auditors  (South Africa)
March 15, 2019

43. Royal NBA, the Netherlands Institute of Chartered Accountants  (Netherlands)
March 15, 2019

44. European Federation of Accountants and Auditors for SMEs
March 15, 2019

45. FSR - danske revisorer  (Denmark)
March 15, 2019

46. IFAC SMP Committee
March 15, 2019

47. Compagnie Nationale des Commissaires aux Comptes (CNCC) and Conseil Supérieur de l’Ordre des Experts-Comptables (CSOEC)  (France)
March 20, 2019

48. Office of the Auditor General of Canada  (Canada)
March 20, 2019

49. Kingston Smith LLP
March 20, 2019

50. The Malaysian Institute of Certified Public Accountants (MICPA)  (Malaysia)
March 22, 2019

51. CPA Australia
March 22, 2019

52. Malaysian Institute of Accountants  (Malaysia)
March 24, 2019

 

Related Resources

 

Primary tabs

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.