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: