Agreed Upon Procedures Reports (AUPPs) are a type of attestation engagement that provide a limited assurance opinion. They are typically used when an entity wants to obtain a third-party assessment of the results of specific procedures performed on its financial statements or other information.
To create a professional AUPP template, it is essential to consider the following design elements:
Agreed Upon Procedures Report in Report in Relation to the to the
Layout and Formatting
Consistent Font: Use a professional and legible font such as Times New Roman, Arial, or Calibri. Maintain consistency throughout the template.
Proper Margins: Set appropriate margins (e.g., 1 inch on all sides) to ensure readability and a clean appearance.
Clear Headings and Subheadings: Use a hierarchy of headings and subheadings to organize the report and make it easy to navigate.
Numbering and Bullets: Employ numbering or bullets to create lists and enhance readability.
Page Breaks: Insert page breaks where necessary to avoid awkward page breaks within sections.
Content and Structure
Title Page: Include the following information on the title page:
Report title (e.g., “Agreed Upon Procedures Report”)
Name of the entity
Date of the report
Name of the auditor
Scope of Engagement: Clearly define the procedures performed and the objectives of the engagement.
Procedures Performed: List each procedure performed, including the relevant criteria and evidence gathered.
Results of Procedures: Present the results of each procedure, including any exceptions or findings.
Opinion: Provide a limited assurance opinion based on the results of the procedures.
Management Representations: Include management representations regarding the completeness and accuracy of the information provided.
Auditor’s Responsibility: Describe the auditor’s responsibilities in conducting the engagement.
Limitations of Engagement: Outline the limitations of the engagement, such as the fact that it is not an audit and does not provide assurance as to the fairness of the financial statements.
Signature and Date: Include the auditor’s signature, date, and professional designation.
Logo and Letterhead: Use the auditor’s logo and letterhead to enhance the professional appearance of the report.
Branding: Maintain consistency with the auditor’s branding guidelines in terms of colors, fonts, and overall design.
Quality Paper: Print the report on high-quality paper to give it a polished look.
Binding: Consider binding the report for a more formal presentation.
Clarity and Conciseness
Plain Language: Use clear and concise language that is easy to understand.
Avoid Technical Jargon: Minimize the use of technical terms or acronyms that may be unfamiliar to the reader.
Paragraph Structure: Keep paragraphs relatively short and focused on a single main idea.
By following these guidelines, you can create a professional and informative AUPP template that effectively communicates the results of the engagement and meets the needs of your clients.
