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
Audit, Review or Compilation: What Your Construction Company Needs
A surety agent asks for financial statements and a contractor sends over whatever financial statements…
QuickBooks Online for Construction Companies: What It Can (and Can’t) Do
QuickBooks can run the books, but running the jobs is a different story. That’s the…
What Drives an Accurate Estimated Cost to Complete in Construction Accounting
WIP warning signs rarely announce themselves. An under-billing on the WIP doesn’t automatically mean trouble,…
What Your WIP’s Warning Signs Actually Mean
WIP warning signs rarely announce themselves. An under-billing on the WIP doesn’t automatically mean trouble,…
How a Reliable Sales Pipeline Supports a Higher Business Valuation
When it comes time to sell a manufacturing business, buyers don’t just look at what…
Building a Sales Pipeline You Can Trust: From Forecasting to Business Value
“You’re paying on the past, but you’re buying for the future.” — Mike Sibley A…
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).
