Agreed upon procedures / Due Diligence

AGREED UPON PROCEDURES / DUE DILIGENCE:

The main objective here is to carry out the audit procedures which Earningo, client and any third party have agreed and to prepare the report on fact-based findings.

An engagement to perform agreed-upon procedures may involve us in performing certain procedures concerning individual items of financial data (for example, accounts payable, accounts receivable, purchases from related parties and sales and profits of a segment of an entity), a financial statement (for example, a balance sheet) or even a complete set of financial statements.

It can be done for the following:

  • As part of acquisition due diligence review;
  • Lender- borrower relationship, where the lender wants to have an independent audit and report on the borrower’s financial information;
  • Landlord-tenant relationship where the landlord requires an independent reporting on the turnover reported by the tenant;
  • For any other special purpose.

HOW EARNINGO WILL HELP YOU:

Reporting of factual findings after performing the below mentioned procedures: –

  • Inquiry and analysis
  • Recomputation
  • Comparison and other clerical accuracy checks
  • Observation
  • Inspection
  • Obtaining confirmations