Agreed Upon Procedures
Where an audit is not appropriate, an agreed upon procedures engagement could be the solution. The increasing complexity of business life, both in terms of structures and transactions, leads to an increasing demand for reassurance that matters of critical importance are dealt with in a manner that directors, or other stakeholders, might wish for.
Not all such matters will be appropriate subjects for audit, nor for more formal assurance reporting. In these circumstances an "agreed upon procedures" engagement can be a useful solution. Under such an arrangement we carry out very specific work to cover your areas of concern in a laser-focused manner. This avoids carrying out unnecessary work to provide a much broader opinion and it makes the scope of our work for you entirely clear, together with the outcomes that you might be able to expect.
To enquire about whether this sort of assignment might be of use to you, talk to the BDO Partner you most frequently deal with or contact us here.