Engagement

Agreed-upon procedures for lenders

Targeted testing of covenants, cash balances, or specified accounts when a bank or investor asks for focused assurance — not a full audit opinion.

Request a scoping call View fee guidance

Who this engagement serves

Borrowers responding to lender information requests, and investors seeking verification of a narrow set of balances.

What you receive

An agreed-upon procedures report listing procedures performed and factual findings, without an overall opinion on the financial statements.

Scope and boundaries

Included

Procedure design agreed with management and the requesting party
Factual testing of the specified items
Clear findings schedule in English

Not included

Substitution for a statutory audit opinion
Negotiation of covenant waivers
Legal interpretation of facility agreements

How the work proceeds

Procedure letter
Scope is written and accepted by all parties before testing begins.
Execution
We perform only the agreed steps and document sources.
Findings report
Results are reported factually; no opinion language is added.

Typical duration: One to three weeks depending on the procedure list.

Delivery: Remote-first with optional on-site cash or document inspection.

Preparation: Provide the lender’s request letter and access to the underlying schedules.

Fee basis: Quote-based on procedure count and urgency.

Ready to discuss the next fiscal close?

Share your year-end date and reporting needs. We will confirm fit and outline next steps.

Write to the studio

When a facility agreement asks for something narrower than a full audit, this engagement keeps the work proportional — and the report language precise.