Agreed-Upon Procedures offer more versatility and flexibility compared to other engagements such as audits, reviews, and compilations. As long as both parties agree, a client can engage with an accounting firm to provide a designated number of procedures of their choice that may be outside the scope of a regular audit, review, or compilation.
Agreed-Upon Procedures differ from the typical other forms of engagement in that they do not offer an opinion, should not provide negative assurance, and they are not necessarily attached to a fiscal year. With the increase in popularity over the years, Verdeja, De Armas & Trujillo, LLC has gained extensive experience in performing Agreed-Upon Procedures.Typical uses of Agreed-Upon Procedures reports include:
- Mergers & Acquisitions
- Audit Preparation
- Compliance to governmental agencies
- Changes in top management
- Employee/Vendor Compensation