Agreed-Upon Procedures - AASOC

Date recorded:

At the AASOC meeting on July 7-8, 2016, the AASB discussed issues related to the IAASB’s project to revise ISRS 4400, including: (i) whether the use of ambiguous terminology in the practitioner’s report should be prohibited even if the use of such terminology is required by law, regulation or contract; (ii) whether the practitioner should be required to agree with the entity whether the use of the report would be restricted, and, if so, to whom; (iii) the proposed work effort when using the work of others; and (iv) how to address engagements that contain aspects of different types of engagements and different levels of assurance.

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Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.