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Agreed Upon Procedures

An agreed upon procedures engagement is an independent assessment of a pre-determined procedure or set of procedures.  In addition to meeting certain vendor requirements, you can use an agreed upon procedures report to broaden the scope of a SOC 1 or SOC 2 report or provide your management with additional insight into specific procedures.

A Focal Point Agreed Upon Procedures Report

Focal Point can provide your organization with an independent assessment of a specific process or processes in conjunction with your SOC examination. Focal Point has teams of finance, privacy and security experts equipped to test a variety of financial and operational procedures.

At the outset of an agreed upon procedures assessment, we assist your management team in creating an appropriate description of the subject matter and determining the proper procedures for testing. After defining the subject matter and determining the appropriate procedures, we test the procedures and report on our findings. Our agreed upon procedures report includes:

  • An agreed upon description of subject matter
  • A listing of the procedures agreed upon between Focal Point and your organization
  • A detailed report of testing procedures
  • The results of our testing

Benefits of an Agreed Upon Procedures Report

An agreed upon procedures report will assure your clients and other stakeholders that your processes are effective and meet business objectives. Additional benefits include:

  • Meeting clients’ specific requirements around certain procedures
  • Broadening the scope of a SOC 1 or SOC 2 audit to get a more complete assessment of your financial or operational controls
  • Gaining an understanding of complex technical or financial processes from independent, qualified specialists

 

Focal Point Data Risk, LLC ("Focal Point") is associated with Sunera CPAs & Associates LLP (“Sunera CPAs”), a registered CPA firm through an alternative practice structure. The two companies are separate legal entities that work together to serve critical business needs. Focal Point offers risk management consulting services and is not a licensed CPA firm. Sunera CPAs & Associates LLP provides SOC attestation services.  

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