On occasion, a local government may request that its auditor perform specific additional procedures relating to its investment portfolio. In 1997, a CCMA white paper was published to provide guidance on the recommended form of reporting for such engagements. In 2001, the Auditing Standards Board withdrew the auditing standard that addressed engagements to perform agreed-upon procedures applied to the elements of a financial statement. Agreed-upon procedures engagements must now be performed under the attestation standards.
Download: WPInvestAttest.pdf