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
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