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.
"Our relationship is a long standing partnership and we value the experience, expertise and communication the team at Mengel Metzger has always provided!" - Elmira Assurance Client
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