How should I separate an agreed-upon procedures engagement from an examination?
Both seem to involve procedures over subject matter, but one gives assurance and the other reports findings. What should I look for in the prompt?
Look for who defines the procedures and whether the practitioner is asked to reach a conclusion. In an agreed-upon procedures engagement, specified parties agree to the procedures, the practitioner performs them, and the report presents findings. The practitioner does not provide an opinion or conclusion.
In an examination, the practitioner obtains sufficient evidence to express an opinion on whether the subject matter or assertion is in accordance with criteria. That is reasonable assurance. If the prompt asks for factual findings from procedures, think agreed-upon procedures. If it asks for an opinion against criteria, think examination.
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