Every organization follows some business procedures, and to know the effect of this procedure on the operations, the management team should know the factual and unbiased information so that they can determine the right course of action to take which will benefit the organization. And to gather this information, the organization may outsource an agreed-upon procedure to a third-party auditor such as Alliott Hadi Shahid Chartered Accountants. The agreed-upon procedures will be an outlined standard that our auditor will use to test and audit the procedure.
Benefits Of Agreed-Upon Procedures:
Agreed-upon procedures can be needed for many different financial and non-financial reasons. For example,if you are planning to buy a business, you may ask for an agreed-upon procedures engagement to determine certain monetary information, where you may perform agreed-upon procedures to check income tax revisions, employer compliance issues, review loan portfolios or verify accounts receivable processes.
This procedure can benefit your organization when you require factual findings without any predetermined opinions. It allows your management to create their own opinions and conclusions based on factual findings. By having Alliott Hadi Shahid perform the audit, you can be assured that the findings will not contain any bias and you can obtain the information you have requested.
How We Can Help Your Company:
Alliott Hadi Shahid will determine the findings based on agreed-upon procedures and given standards. We will start working on the procedures you agree upon and evaluate the subject matter based on your organization’s report parameters. We will then deliver containing the collected factual findings and will be presented to the management. With these reports, your organization can then proceed with modifying activities or performing new procedures that are aligned with the organization’s objectives.