Agreed-Upon Procedures for Lenders

Banks and lessors sometimes need confirmation that inventory turns, receivable ageing, or debt covenants were calculated as defined in the facility agreement. An agreed-upon procedures engagement lets Coral Bay perform only the tests named in the letter and report factual findings — without expressing an audit opinion.

We draft the procedure list with your relationship manager, execute the tests at period-end, and deliver a short English report that maps each finding to the covenant schedule. Useful between full audits when a drawdown or waiver request is pending.