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 selected areas with higher level of relevance or risk. This prevents the performance of a larger number of audit procedures that would be required to issue an opinion on the financial statements, limiting the procedures to perform, on those that were agreed with the Client.
In these situations it is provided a report of factual findings. Addressees / users of the report examine the factual findings reported by us and draw their own conclusions.