Agreed-Upon Procedures

By undertaking the agreed procedures, the auditor undertakes to perform those audit-related procedures that have been agreed between the auditor and the company, and to report on the factual observations. The recipients must then draw their own conclusions based on the auditor’s report. The report is available only for the parties that have agreed on the procedures. This service is popular among entities that are not subject to statutory audits, or that have specific engagements that do not require a thorough audit of their financial statements.