On Dec. 5, 2019, the AICPA Auditing Standards Board issued a new standard related to agreed-upon procedures engagements. The SSAE No.19 , Agreed-Upon Procedures Engagement will supersede SSAE No.18 AT-C Section 215, Agreed -Upon Procedures Engagement. The new standard is intended to loosen current requirements in performing agreed-upon procedures engagements and to further enhance relevancy of reports issued on these types of engagements. Changes to the standard include:
The standard is effective for agreed-upon procedures dated on or after July 15, 2021 but early adoption is permitted.