Special reports or agreed upon procedures reports can help you to focus on what you specifically want to take a closer look at. They can help provide you with assurance on the accuracy of specific components of a financial statement without having to perform a complete audit. Agreed upon procedures are also used in testing compliance requirements with regulations, contracts, or internal policies and procedures.
For example, you may want to take a closer look at payroll practices, rates of return on specified investments, new procedure or system, or outstanding checks appearing on bank reconciliation. At Prager Metis we work very close with you to determine the scope and format that will help you see the finer details you need.