Agreed Upon Procedures
Our experienced audit teams perform agreed-upon procedure engagements in accordance with the highest standards governing our profession.
During an agreed-upon procedure engagement our qualified auditors offer insightful counsel and collaborate with clients to agree upon the set of procedures that will need to be followed based on the client’s needs. This could relate to a financial statement component or another written assertion.
These procedures cover an agreed upon aspect of the client’s business information, rather than their whole financial statements. Our auditors perform the procedures and report the results on a factual basis and do not express an opinion or negative assurance. Instead, the report is in the form of procedures and findings.
Agreed-upon procedures are a recommended business practice in circumstances such as:
- Evaluating mergers or acquisition
- Litigation preparation
- Determining internal controls in particular areas to evaluate whether they are operating as prescribed
- Compliance reviews against prescribed laws and regulations
Quality is a point of pride for us. Our expertise in audit and assurance services will add invaluable advantage to any client’s corporate governance and external reporting undertakings.