Agreed Upon Procedures Services
Agreed Upon Procedures Services
Agreed Upon Procedures Services" involve conducting specific procedures on financial or non-financial information, as agreed upon by the parties involved, to provide independent findings.
Agreed Upon Procedures Services
We can deliver agreed upon procedures services in pertinence to specific financial information independently according to the relevant service standard (ISRS 4400), which are agreed upon procedures between entities and third parties to issue special reports on the realistic results of the financial operations or operational processes. Examples include the account payable, account receivable, relevant party purchases, sales and profits for one of the entities’ departments (or a particular financial statement) such as the financial position or all financial statements
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Agreed Upon Procedures Services are engagements where a client and a practitioner agree on specific procedures to be performed on financial information. These procedures are agreed upon in advance and are typically tailored to meet the specific needs of the client.
Agreed Upon Procedures Services are commonly requested by entities such as businesses, government agencies, non-profit organizations, and other entities that require assurance or validation of specific financial information.
The primary purpose of Agreed Upon Procedures Services is to provide users with specific, factual findings based on agreed-upon procedures performed by an independent practitioner. These findings can be used for various purposes such as regulatory compliance, internal control assessments, or due diligence.