AGREED UPON PROCEDURES

An agreed-upon procedures engagement is an activity in which an auditor is enlisted to carry out those procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed, and to report on factual findings.  The recipients of the report form their own conclusions from the report by the auditor.  

The report is restricted to those parties that have agreed upon the procedures to be performed since others, unaware of the reasons for the procedures, may misinterpret the results.  For example, an agreed-upon procedures engagement may be commissioned by an entity which is acquiring another business.  The entity may engage an audit to report on specific aspects of the business that it is buying. 

GMG CPA professionals provide comprehensive audits.  Having a trusted CPA that can answer questions and provide accurate reporting helps make the process run smoothly. 


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