Engagement
Special-Purpose Examination
Agreed-upon procedures for lenders, buyers, or group reporting—inventory counts, revenue cut-off checks, or verification of specified account balances.
Who it is for
Companies facing bank covenant reviews, share transfers, or parent-company reporting packs that need verified figures rather than a full statutory audit.
Result
A factual findings report limited to the procedures you and the requesting party agree in writing.
Included
- Procedure schedule negotiated with all parties
- Fieldwork and document inspection
- Findings report without an opinion on the financial statements as a whole
Not included
- Statutory auditor’s opinion
- Valuation of the business
How the work proceeds
- Agree procedures and report format with the requesting party
- Perform procedures on site or from source documents
- Issue findings report
Preparation
Share the bank or buyer request letter and access to the accounts named in the schedule.
Constraints
We report only on procedures performed; we do not stretch findings into an audit opinion.
Send the requesting party’s procedure list for a written quote.