An agreed upon procedures engagement is designed to enable the practitioner to present a report on factual findings on matters agreed upon between the practitioner and the client. The procedures are agreed upon between the practitioner and the client in order to meet the client’s needs for particular information.

An engagement to perform agreed-upon procedures may involve the practitioner in performing certain procedures concerning individual items of the financial statement:

1. Account Receivables

2. Account Payables

3. Purchase from related parties

4. Sales and profit of a segment of an entity