https://mengelmetzgerbarr.com/Our-Services/Assurance-Audit/Agreed-Upon-Procedures

Rochester & Canandaigua

Contact

Michelle M. Cain, CPA

585-423-1860

mcain@mmb-co.com

 

Michelle's Bio >

Elmira Contact

 

Krista L. Niles-Updyke, CPA

607-734-4183

kniles@mmb-co.com

 

Krista's Bio >

Agreed-Upon Procedures

You don’t need to be a weatherman to know which way the wind is blowing, but you still have to take a look to be sure. In the same way, your business may not require a full audit to assess specific performance issues. An agreed-upon procedures engagement can provide you with the targeted information you need to understand the current conditions and forecast what’s coming. 

Agreed-upon procedures are often used in acquisition or sale of a business, to monitor grant compliance and for inventory counts outside the scope of a financial statement audit. At MMB, we’ll work with you to determine if an agreed-upon procedures engagement will meet your needs. And we’ll be there every step of the way, rain or shine.


Agreed-upon procedures are often used in the following situations:

  • Due diligence procedures during an acquisition or sale of a business
  • Grant compliance, typically as requested by a third-party grantor 
  • Public school risk assessment 
  • Additional comfort over balances or transactions 
  • Bank collateral verification
  • Financial forecasts or projections
  • Cost certifications
  • Inventory counts outside the scope of a financial statement audit