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

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.