In an AGREED-UPON PROCEDURE ENGAGEMENT the CPA performs spe-cific procedures with respect to either information or processes.  The infor-mation or processes can be of a financial or non-financial nature.  A report is issued documenting the procedures performed and stating the findings.  Such an engagement may:

• Assess certain financial statement accounts (e.g. receivables, inventories).

• Report on sales defined by a lease agreement.

• Help lend credibility to a forecast or projection.

• Evaluate compliance with a loan agreement or government regulations.