ASSURANCE & TAXATION

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Agreed Upon Procedures

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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

• 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