As agreed previously with Management, it consists of carrying out specific audit procedures. The purpose of agreed-upon procedures is for the auditor to carry out the audit procedures where the auditor, the entity and any appropriate third party have agreed to report on the results.

Since the auditor simply provides a financial report based on facts from the agreed-upon procedures, there is no certainty expressed. In its place, users of the report evaluate for themselves, the procedures and the estimates reported by the auditor and then draw their own conclusions from the work of the auditor.