SSAE 19 Changes the Landscape for Agreed-Upon Procedures Engagements
By Duncan B. Will
All services performed by accountants have some level of risk associated with them. Auditors have traditionally experienced the highest-severity claims, but these claims are among the least common. Claims involving tax preparation services have been the most common, but among the least severe. From CAMICO's experience, agreed-upon procedures (AUP) engagements have historically been the safest services whether measured by frequency or severity. That's about to change.
All services performed by accountants have some level of risk associated with them. Auditors have traditionally experienced the highest-severity claims, but these claims are among the least common. Claims involving tax preparation services have been the most common, but among the least severe. From CAMICO's experience, agreed-upon procedures (AUP) engagements have historically been the safest services whether measured by frequency or severity. That's about to change.