Agreed Upon Procedures

In an agreed-upon procedure engagement, the organization requests that RICHARD CPAS, as independent auditors, perform very specific objective procedures or tests on an organizational process or specific transaction class. The procedures are agreed upon in advance and are designed to help third parties evaluate some aspect of the organization. The nature of these engagements can vary significantly and could range from reperforming calculations, to looking at the procedures of work performed by others, to observation of certain types of transactions. At the conclusion, RICHARD CPAS issues a report on the results of the procedures performed, however, the agreed upon procedures report does not contain an opinion. Once the Organization has considered the results, RICHARD CPAS can provide advice on how to use the results of the agreed upon procedures engagement.