Engagement
Agreed-Upon Procedures for Lenders
Covenant and borrowing-base procedures defined with your bank or lessor, reported as factual findings rather than an opinion.
Banks financing inventory or receivables sometimes need independent factual testing against a defined list of procedures. We perform only the steps agreed with you and the lender, then report findings without an assurance opinion.
Typical scopes cover inventory existence at a date, aging of receivables, or calculation of a covenant ratio from trial-balance figures. Timing follows the lender’s reporting cycle.
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