Agreed Upon Procedures

An agreed upon procedures engagement provides an excellent solution when a client or other party (parties) would like independent verification of particular information without producing actual financial statements. In particular, our firm and the client would "Agree Upon" specific procedures to be performed and we would then report on our findings. Each engagement is tailored specifically to the needs and requirements of the client. These engagements are often utilized as a tool to assist management in analyzing particular elements of their operations or are sometimes required by third parties (such as banks, potential investors, or regulatory agencies).

Some examples of the types of agreed upon procedures we provide include, but are not limited to, the following:

• Specific elements of contractual agreements
• Specified elements of financial data contained within a financial statement
• Proforma financial data
• Compliance with particular agreements or regulations
• Calculations of bonus or incentive compensation
• Royalty calculations