Agreed-upon procedures

Agreed-upon procedures are those activities that a client and an auditor agree will be employed in the investigation of specific accounts or procedures.  The auditor does not express an opinion about this investigation, instead reporting on the procedures used and any resulting findings. The auditor’s report is only shared with the client – it is not intended for external consumption. The client takes responsibility for the outcome of the investigation. Agreed-upon procedures may be used in a number of investigations on behalf of a client. For example, auditors could be hired to conduct a due diligence investigation of certain aspects of an acquiree’s books, or to investigate a possible case of fraud within a business.