Some of your business transactions may necessitate involvement of a certified accounting professional, but you don’t necessarily need a certified financial audit. For these circumstances, Kemper CPA Group LLP can perform “agreed-upon procedures” for your organization in accordance with standards issued by the American Institute of Certified Public Accountants (AICPA.) Because the scope of services is more focused than a full audit of your financial statements, work is performed only in required areas, saving time and lowering costs.
Agreed-upon procedures may be appropriate in a variety of situations where your company desires independently verified and reported information, such as inspection of documents or transactions for specific characteristics, confirmation of specific information with third parties, or comparison of data to a defined standard. Many situations are appropriate for agreed-upon procedures, whether the objective is to provide specific information to users within your company or to third parties, such as banks, regulatory agencies, investors, or prospective purchasers.
Our professionals can help you determine when independently applied agreed-upon procedures are the answer to your business need – contact us for more information.