LOS ANGELES

6300 Canoga Avenue, Suite 1500W

Woodland Hills, California 91367

MAIN 818.532.1020

ORANGE COUNTY

23832 Rockfield Boulevard,  Suite 245

Lake Forest, California 92630

MAIN 949.381.5655

INLAND EMPIRE

11801 Pierce Street, 2nd Floor

Riverside, California 92505

MAIN 951.234.0951

WASHINGTON D.C.

1875 K Street NW, 4th Floor

Washington, D.C. 20006

MAIN 202.869.4410

ASSURANCE & TAXATION

Agreed Upon Procedures

In certain situations, our clients do not require assurance on their financial statements; rather, they require an evaluation of specific accounting records or procedures. In these instances, GT’s assurance team helps clients identify the appropriate agreed-upon procedures to reach desired outcomes. This solution allows GT to concentrate only on specified areas, resulting in a tailored engagement that addresses the client’s key concerns.

 

Common agreed upon procedures include:

  • Testing compliance with licensing and royalty agreements

  • Calculating internal rates of return and other mathematical computations

  • Confirming specific information with third parties

  • Performing procedures to verify work performed by others

  • Reviewing documents to confirm transactions

  • Evaluation of mergers or acquisitions

  • Internal control evaluations

  • Banking requirements for credit line increase or loans

  • Best practices for start-ups or growth-driven organizations

  • Income Tax Provisions