Agreed-upon Procedures

Agreed-upon procedure engagements are a good option in situations where a traditional financial statement audit or review may not be necessary or provide the specific assurances needed. As part of the engagement, HKP will assist clients in the evaluation of the subject matter and assertions needed to determine what tests should be performed for HKP to provide the appropriate level of assurance that a client is looking for. Agreed upon procedure engagements are highly customized and generally restricted in distribution but can be designed to be shared with specific identified parties.

The following listing provides examples of some of the more common types of agreed-upon procedure engagements:

• Accounts receivable
• Accounts payable
• Payroll processes
• Rent roll schedules
• Contract compliance