Agreed-Upon Procedures

A cost-effective alternative to an audit is an agreed-upon procedures engagement.

While more limited in scope than a comprehensive audit of financial statements, an agreed-upon procedures engagement offers the flexibility for a business owner to determine the tests, procedures, and scope of work required based on the particulars of a situation.

Whether for transaction support, due diligence, internal controls evaluation, policies and procedures compliance assessment, or balance evaluation of accounts such as receivables and inventories, agreed-upon procedures engagements provide a cost-effective, risk-based focus for inquiry and testing.