Agreed Upon Procedures

In certain situations, audit, review or compilation services cannot be applied with the hopes of providing the level of results necessary for management to properly evaluate a specific area of their organization. An agreed-upon procedures engagement can be used to provide you with an independent review of a specific component or internal control system within your organization in which you receive a report with the unbiased results of those procedures. In an agreed-upon procedures engagement, we do not express an opinion or negative assurance, instead we issue a report that details the specific procedures performed and the results of those procedures. This can be a very helpful tool to our clients in order to identify potential weaknesses in internal controls or to satisfy grant or contract requirements.

Our agreed-upon procedures are performed in accordance with the attestation standards established by the American Institute of Certified Public Accountants.

Our services include:

  • Review of specific internal control systems or financial components
  • Cash flow calculations
  • Compliance with specified terms of an agreement
  • Electronic submission of certain information relating to HUD engagements
  • Charter school start up grants
  • Bond financing 50% testing
  • Bond financing 95/5 testing

Please contact one of our professionals to find out more about how Daniel Dennis & Company LLP can help you meet your requirements for agreed upon procedures.