Received grants? If so, you probably need to submit a report to show that those funds were used responsibly. Or covenants established with a loan? If so, an auditor may need to review the calculation.
As an independent party, our team helps prepare these reports and keep your records running smoothly.
What is an agreed-upon procedure?
In an agreed-upon procedure an auditor performs a clearly defined audit assignment around a specific subject. Unlike a full audit, we agree in advance exactly what will be examined, and report only on the factual findings without expressing an opinion on them.
An example of an agreed-upon procedure is an audit of trade receivable management, verifying that outstanding customer invoices match the underlying records. This may be relevant in acquisitions, internal audits or financing applications.
Attestations or certificates needed?
We also offer support in auditing and inquiring about attestations and certifications such as:
Our expertise in grant audits
Grantors, such as governments and organizations, want to be sure that grants are used according to the agreed upon conditions.During a grant audit, we check, among other things, that funds have been spent correctly and all required reports have been submitted on time.
Our team has developed extensive expertise both nationally and internationally. We also conduct regular audits for grant makers.
Frequently asked questions about agreed-upon procedures
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