Hooked on a Feeling…
You’ve known and trusted your employees for a long time. You’re involved with all aspects of your operations and have a solid understanding of how things go. Maybe you’ve even had a thorough financial statement audit that yielded a positive report attesting to the soundness of your financial practices.
And yet… something still keeps you up at night, wondering if everything is truly as it seems.
It’s a completely normal feeling; with so much invested in your organization, any doubt will gnaw at you. So the question isn’t whether to act on it, but how to act on it. Because it never hurts to seek additional reassurance that your house is in order.
Agreed-Upon Procedures for Peace of Mind
James Moore’s agreed-upon procedures engagements provide a more focused alternative to traditional financial statement audit, review and compilation services. Specific items or procedures are selected for close scrutiny after being “agreed upon” by you, your CPA and any appropriate third party (hence the name!). By narrowing the scope of our efforts, we’ll provide a concise report that pinpoints your area of concern.
Agreed-upon procedures can be used in a wide variety of engagements, including:
- Bank reconciliations
- Balance sheet account
- Accounts payable vendors
- Customer/vendor agreements
- Sale of a business
- Fraud investigations
- Employee expense reimbursements
- Dependency claimed for health insurance benefits
- Compliance with grant or government agreements
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Zach Chalifour, CPA
Partner
Zach has nearly 20 years of CPA experience and leads our firm’s Assurance service line and Municipal Finance Support Services Team. Also the leader of the firm’s Government Services team, Zach works almost exclusively with governmental entities with budgets ranging from $1 million to over $1 billion. Zach works extensively with organizations that receive substantial federal and state assistance subject to the OMB Uniform Guidance and the Florida Single Audit Act of up to and over $100 million. Zach also brings a unique perspective to his engagements based on his inside working knowledge of local government finance, having served as the contract Finance Director for the City of Lake Helen since early 2019.
Zach serves as an Annual Comprehensive Financial Report (ACFR) reviewer for the Government Finance Officers Association (GFOA). He has worked with numerous clients to assist in the early implementation of new GASB standards. Zach also leads the teams providing contracted Tourist Development Tax (TDT) audit assistance to various counties.
Additionally, Zach maintains memberships with a variety of government-industry groups including the Florida Government Finance Officers Association (FGFOA), the Government Finance Officers Association (GFOA), the Volusia League of Cities, the Space Coast League of Cities, and the Florida Tourist Development Tax Association (FTDTA). Zach is a frequent speaker at conferences and other events across the state, and has previously spoken for the following associations on various governmental accounting and auditing topics:
- Florida Government Finance Officers’ Association (Annual Conference, School of Government Finance, Webinar Series)
- FGFOA Local Chapters (Volusia/Flagler, Big Bend, Treasure Coast, North Central Florida)
- Florida Tax Collectors Association
- Florida Tourist Development Tax Association
- Florida Institute of Certified Public Accountants
- Florida School Finance Officers Association