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:
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Testing compliance with licensing and royalty agreements
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Calculating internal rates of return and other mathematical computations
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Confirming specific information with third parties
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Performing procedures to verify work performed by others
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Reviewing documents to confirm transactions
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Evaluation of mergers or acquisitions
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Internal control evaluations
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Banking requirements for credit line increase or loans
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Best practices for start-ups or growth-driven organizations
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Income Tax Provisions