Certified Public Accountants and Consultants
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Lexington: 336-248-8281

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Charlotte: 704-372-0960

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Raleigh: 919-832-6848

Reviewed Financial Statements and Agreed Upon Procedures

Reviews analyze your financial statements to verify their compliance with GAAP.

When an audit is not needed, an “Agreed Upon Procedures” engagement examines and reviews specific information, accounts or data that is determined by your needs.

This can involve reviewing a finite group of accounts, procedures or controls to evaluate their effectiveness or accuracy.

Upon completion of the engagement, a report is issued for your review, often with suggestions and recommendations.

Who needs review services?

  • Business Owners
  • Chief Financial Officers
  • Chief Executive Officers
  • Controllers
  • Loan Officers
  • Executive Directors
  • Not-for-profit organizations

When might I need a review?

For-profit companies typically need reviews to comply with a lender’s debt covenants, Board of Director’s requirements or various contractual arrangements.

Not-for-profit organizations typically need reviews to comply with significant grantors’ compliance requirements, Board of Director’s requirements or lender’s debt covenants.

Who needs agreed upon procedures?

Any business or organization not requiring an audit, but wants a finite group of accounts, procedures, or controls evaluated or reviewed is a good candidate for agreed upon procedures.

What is the process?

Reviews follow a precise and proven approach to ensure that every component that requires analysis is properly evaluated.

Agreed upon procedure engagements follow the process that you dictate. We add our auditing, accounting and risk management knowledge when needed to advise you on a specific or finite course of action.

For every review performed, we spend time with you planning the approach to ensure it is thorough and complete.

Why should I engage Rives & Associates ?

Rives & Associates has more than 30 years of experience specializing in the performance of reviews and agreed upon procedure engagements for all sizes of companies in all industries.

We have the technical knowledge to perform these services and we go a step beyond to give you recommendations to improve profitability and accounting practices.