Sometimes an opinion on your financial statements does not really address your needs. If what is required is an audit or review of a specific asset or liability, rather than an opinion on the financial condition of the company in general, an agreed upon procedures engagement may provide a cost effective solution. This can be tailored for your particular circumstances. Results are reported in written form for use only by identified parties.
Typical procedures we agree to provide for clients include:
- Loan Covenant Compliance
- Lease Agreement Turnover Confirmations
- Licensing Reports
- Litigation Support
- Contractual Compliance Reporting
We will issue a report of findings based on the performance of specific procedures as agreed between us and a third party or the company.
The scope of the review is based on each clients unique scenario, and can range from a review of their compliance with loan requirements to a review of the disbursements, their implementation of internal controls or their accounts receivable. In any case, the review helps the client gain assurance that their systems and processes are efficient and accurate.