What type of engagements examine a limited subject matter based on agreed-upon procedures?

Attestation engagements are designed to examine and report on subject matter based on defined criteria agreed upon by the involved parties. In these engagements, a practitioner applies specific procedures to gather evidence regarding the subject matter and provides a report reflecting the results of those procedures. The focus is often on narrower aspects of financial information or compliance with specified regulations, wherein the outcomes are based on the agreed-upon procedures established in advance.

These transactions can cover various subject matters, including financial statements, internal controls, or compliance with laws and regulations, allowing for tailored reporting that meets the needs of stakeholders. The power of attestation engagements lies in their flexibility and the authoritative guidance they provide within a specific scope, making them highly relevant in governmental and public sector contexts.