There are matters for which it is not appropriate to carry out an audit or issue a formal assurance report.
In these circumstances, the performance of agreed-upon procedures may be the most appropriate solution.
In this type of work, we perform specific procedures, agreed with the client, on certain areas that have a higher level of relevance or risk. Limiting the procedures to those agreed removes the need to perform the large number of audit procedures required to issue an opinion on the financial statements.
In these situations, a report of factual findings is provided for users to examine and from which they draw their own conclusions.