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
Latest Articles
Is AI Actually Creating Value for Manufacturers?
“Think of it like another coworker, just a very intelligent coworker that can pull from…
Manufacturing Profit Leaks: The Hidden Costs Eating Into Your Margins
Ask a manufacturer what they earn on a single product, then compare that answer to…
Where Manufacturing Margins Are Slipping Without Anyone Realizing It
“Inventory is just cash sitting on a shelf.” – Kevin Golden, CPA In this episode,…
Real Estate Succession Planning: Why Your Estate Plan Isn’t Enough
Many real estate owners spend decades building a portfolio and comparatively little time preparing someone…
Succession Planning for Real Estate Owners: Could Your Portfolio Run Without You?
“If you have great estate planning without good succession planning, you’re actually setting up your…
Bonus Depreciation for Real Estate Investors: When the Write-Off Backfires
A 100% write-off in year one makes bonus depreciation for real estate investors sound like…
Be the First to Hear.
Sign up for our newsletter and have it delivered to your inbox, so you don’t miss a thing.
Jeremy Wright, CPA
Partner
Jeremy focuses on proactive tax strategies, credits and incentives, and long-term business planning for construction clients to support their profitability. He helps them analyze contract schedules, assess job profitability using key metrics and optimize financial structure for risk mitigation and growth. Jeremy also provides strategic guidance in areas such as budgeting, cash flow forecasting and bonding capacity.
Jeremy leads our firm’s Assurance service line and is a key member of our Construction Services team. He is a member of several industry-specific associations, including the Construction Industry CPAs and Consultants (CICPAC), the Florida Transportation Builders’ Association (FTBA), the Construction Financial Management Association (CFMA), the Florida Surety Association (FSA) and the Builders Association of North Central Florida (BANCF).
