Agreed Upon Procedures

Services: Agreed Upon Procedures

In certain situations, our clients do not require assurance on their financial statements; rather, they require an evaluation of specific accounting records or procedures. In these instances, GT’s assurance team helps clients identify the appropriate agreed-upon procedures to reach desired outcomes. This solution allows GT to concentrate only on specified areas, resulting in a tailored engagement that addresses the client’s key concerns.

Common agreed upon procedures include:

  • Testing compliance with licensing and royalty agreements
  • Calculating internal rates of return and other mathematical computations
  • Confirming specific information with third parties
  • Performing procedures to verify work performed by others
  • Reviewing documents to confirm transactions
  • Evaluation of mergers or acquisitions
  • Internal control evaluations
  • Banking requirements for credit line increase or loans
  • Best practices for start-ups or growth-driven organizations
  • Income Tax Provisions