SOP 13-2 Performing Agreed-Upon Procedures Engagements -XBRL-Formatted Information

Introduction and Background 1

SEC Rules 1

XBRL Terminology 2

Agreed-Upon Procedures Engagements 3

Conditions for Engagement Performance 4

Agreement on and Sufficiency of Procedures 5

Subject Matter and Related Assertions 6

Establishing an Understanding With the Client 7

Nature, Timing, and Extent of Procedures 9

Responsibilities of Management 9

Responsibilities of the Practitioner 10

Procedures to Be Performed 10

Involvement of a Specialist 11

Reporting Considerations 12

Explanatory Language in the Practitioner’s Agreed-Upon Procedures Report 14

Adding Specified Parties (Nonparticipant Parties) 15

Written Representations 16

Knowledge of Matters Outside Agreed-Upon Procedures 16

Effective Date 17

Appendix A 18

Illustrative Management Assertions 18

Appendix B 19

Illustrative Engagement Letter 19

Appendix C 22

Illustrative Representation Letter 22

Appendix D 25

Illustrative Procedures and Findings 25

Appendix E 63

Illustrative Agreed-Upon Procedures Report 63

Appendix F 65

Glossary 65