Agreed-Upon Procedures
For parties that need only certain items checked, without a full audit.
Examination of specific items or financial information using procedures agreed with you and the report users. The procedures are performed and the factual findings report is signed by our partner audit firm (KAP); Arunika helps prepare data and documents.
What's included
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Focused Examination
Not every need calls for a full audit. When a bank, donor, principal, or partner only needs comfort on specific items, agreed-upon procedures are narrower and more targeted.
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Typical Uses
Verifying the use of grant or loan funds, testing loan covenant compliance, royalty or profit-share calculations, intercompany balance reconciliations, and project claims or invoices.
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Factual Findings, Not an Opinion
The engagement follows Indonesian Standard on Related Services (SJT) 4400. The report sets out the procedures performed and the factual findings, without an opinion or assurance, so users draw their own conclusions.
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Performed and Signed by the Partner KAP
The agreed-upon procedures are performed, and the factual findings report is signed, by our partner audit firm (KAP). Arunika helps you prepare data and documents and refers the engagement to the partner KAP.
How we work
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01
Agree the procedures
Procedures, samples, and report users are set out in the engagement letter.
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02
Perform the procedures
Documents and transactions are examined exactly as agreed.
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03
Record findings
Each exception is recorded as found, with its explanation.
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04
Factual findings report
The report is signed by the partner KAP and restricted to the agreed users.
Documents we need from you
- The procedures or requirements from the report users.
- Related agreements, such as grant, loan, or licence agreements.
- Data and supporting documents for the items examined.
What you receive
- Factual findings report on the agreed-upon procedures.
- Detailed list of exceptions.
If the tax office asks about this work later
The same team that did it stays with you: SP2DK replies, audits, objections, up to a Tax Court appeal.
Frequently Asked Questions
How do agreed-upon procedures differ from an audit?
An audit gives an opinion on the financial statements as a whole. Agreed-upon procedures only report factual findings on specific items, without an opinion.
Who decides the procedures?
You and the report users, such as a bank or donor, with our input so the procedures are workable and relevant.
Can the report be shared with others?
It is usually restricted to the users named in the engagement letter, since they agreed the procedures.
Want to talk about Agreed-Upon Procedures?
Tell us what you need, the period, and the state of your documents. We reply on WhatsApp.
Chat on WhatsApp- +62 851 1730 8880
- info@arunikaconsultant.com
- Sidoarjo, Jawa Timur