Overview

Clients may not need an audit but may find that an Agreed-upon procedures (AUP) engagement is a very useful and valuable non-audit service which is available for SMEs.  On the practitioners side, they can use AUPs to successfully grow their practices by tapping into the global need for increased accountability of both financial and non-financial information, e.g. around funding, grants, and for compliance purposes.

ISRS 4400 (Revised), Agreed-Upon Procedures Engagements, has been revised to respond to the growing demand for these engagements, particularly in relation to the need for increased accountability around funding and grants.

A broad range of stakeholders, such as regulators, funding bodies and creditors, use agreed-upon procedures reports for a variety of reasons. The revised requirements and application material promote consistency in the performance of agreed-upon procedures engagements, and include a number of enhancements.

During this webinar we will highlight key changes, including the exercise of professional judgement, compliance with independence requirements, engagement acceptance and continuance considerations, using the work of an expert, and greater clarity and transparency in the agreed-upon procedures report.

Join our technical expert Lettie Janse van Vuuren CA(SA) on 13 August 2020 from 2:00 p.m. to 4:00 p.m. as she discusses the changes and focus areas of the Revised ISRS 4400 on Agreed-Upon Procedures in an understandable format.

Learning objectives

By the end of this event the attendee will:

• Understand what an agreed-upon procedures (AUP) engagement is;
• Know when it is appropriate to use an AUP engagement;
• Be aware of the full contents of the revised ISRS 4400 including significant enhancements;
• Know the contents of the illustrative engagement letter and AUP reports;
• Receive bonus documents that will assist to grow a practice through AUP engagements.

Content

The webinar will cover the following topics:

• Introduction
  • What is an Agreed-upon Procedures engagement?
  • Benefits of Agreed-upon Procedures.
  • AUPs on financial and non-financial information.
• Full ISRS 4400 in a nutshell:
  • Objectives.
  • Requirements (Planning, Procedures and Reporting).
  • Application.
  • Other explanatory material and appendices;
• Significant changes to the Revised ISRS 4400:
  • Scope and responsibilities.
  • Compliance with independence requirements.
  • Professional judgment.
  • Engagement acceptance and continuance.
  • Using the work of a practitioner’s expert.
  • The Agreed-upon Procedures report.
• Bonus material:
  • Growing your practice with AUP engagements.
  • 6 case studies.

Obtaining your CPD certificate

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. All attendees are issued with a CPD certificate available in an online profile.

About the presenter

Lettie Janse van Vuuren CA(SA), RA

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style. She has a unique ability to communicate with delegates at their respective levels of knowledge and experience. Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.

She is responsible for researching, compiling and presenting our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).

Who should attend

The following persons will benefit from attending this webinar:

• Professional accountants including: RA, CA(SA), PA(SA) and BAP(SA).
• Audit managers/supervisors.
• Audit trainees/assurance staff.
• Compilers/independent reviewers.
• Accounting officers.

Price

• R 475.00 - Online admission - Individual.

• R 950.00 - Online admission - Company.

Steps to register for the event:

If you already have a profile, login and register for the webinar.

If you don’t have a profile, create a free profile then login and register for the webinar.

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).

Click here to find out about the Technical Resource Centre & CPD Subscription options.

Additional material

By attending this webinar you will be provided with:

• Summarised slide presentation;
• Reference documents and/or course material where available; and
• You can ask questions during the webinar and you will also have access to the presenter after the webinar.