Practitioner's report on agreed-upon procedures should not include ...

Practitioner's report on agreed-upon procedures should not include ​limited or negative assurance, opinion, or representation regarding the sufficiency of the procedures. Also note, third parties are not a consideration in an agreed-upon procedures engagement.

​Additionally, if preparation of the financial statements omit substantially all disclosures required by applicable financial reporting framework, then disclosure of such omission should be stated in the financial statements. 

​The specific procedures performed should be listed in the practitioner's report to the audit committee.

If engaged to provide a prospective financial statement, the prospective financial statements include a summary of significant assumptions.

cc: Audit