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In some cases, a complete audit of financial statements is unnecessary, but an organization still wants some level of confidence that their risk is being managed appropriately. In these cases, an agreed-upon procedures engagement may be sufficient.
Limited Scope, Full Confidence. These engagements are more limited in scope, but allow you to determine in advance the tests and procedures to be performed, based on your organization’s needs. MFR will perform these predetermined procedures and report the results in the form of findings. The nature, timing and extent of the agreed-upon procedures will vary, as they are unique to your organization’s requests.
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