AGREED UPON PROCEDURES
Often, when companies aren’t required by law to do a full financial audit, they opt for what is called agreed upon procedures. This allows them to reap the benefits of third-party assurance services without undergoing a full, comprehensive audit. Essentially, agreed upon procedures are a type of a la carte customized procedures. Beforehand, organization leaders and directors agree to have specific aspects of their business examined, reviewed, and tested based on specific agreed to procedures. Afterward, the results of these reviews are delivered directly to the leaders for use in decision-making, organizational improvement and more.