An alternative to an audit

Your tailored alternative to an audit for early growth companies.

For early growth companies who may need an audit in the future for investor and/or regulatory purposes, getting ready for an audit through ‘agreed-upon procedures’ can be a cost-effective and value-add approach to help your business where you need it most.

We want to empower you with solutions that enable you to drive your business forward with confidence. That is why we invest time to understand your business, your objectives, and your aspirations before designing a bespoke plan with you.

Understanding your options

There are various options to consider and we can help you to identify the best approach for your business needs. These can include:

• agreed-upon procedures;
• limited assurance; or
• compilation engagements.

Here, we explore how agreed-upon procedures can be tailored to your exact needs and the advantages they can bring.

Experience the power of being understood

Our solution is tailored to your risks and focuses on areas that management, boards or investors are interested in. This may be due to the complexity of the financial reporting, inherent fraud risk, error or bias.

Our service is delivered under ISRS 4400 ‘Agreed-Upon Procedures Engagements’, which provides the framework for the testing plan we will design and agree with you. At the end of the process, we will provide a report of our factual findings in response to the planned procedures. This will include the testing we have performed and will document any exceptions, deviations, missing information or inconsistencies in approach.

Example areas of focus

Key benefits

Additional support

We advise on business process improvement projects such as internal controls reviews, and audit readiness reviews which improve the quality, accuracy and efficiency of your day-to-day accounting, and period-end reporting processes.

FOR MORE INFORMATION

To discover more about how RSM can help you have confidence in your numbers and support your business, contact our CFO Advisory Services team today.