This service consists of carrying out specific audit procedures previously agreed upon with Management. The objective of agreed-upon procedures is to have an auditor carry out the auditing procedures as agreed by the auditor, the entity and any appropriate third party, and notify the results.
Since the auditor simply provides a report of the factual results of the agreed-upon procedures, no certainty is expressed. Instead, report users evaluate themselves, the procedures and results reported by the auditor and draw their own conclusions from the auditor's work.
The report is restricted to those parties that have agreed that the procedures be carried out, since others, not aware of the reasons for the procedures, may misinterpret the results.