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