The Assurance of Agreed-Upon Procedures

Agreed-upon procedures offer several benefits As a privately held retail dealer, you may be considering a review engagement for assurance that the amounts and disclosures in your financial statements are accurate. While this type of review includes many benefits, it also has limitations. For those wanting to more closely evaluate and monitor the effectiveness of their dealership’s controls and operations, an agreedupon procedures engagement may be a better choice to replace or supplement the review engagement.