Targeted Factual Findings

Agreed-Upon Procedures (NV COS 4400N)

Custom verification engagements on specific financial accounts, operational data, or contract clauses, resulting in an objective factual findings report.

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AFM Licence 13020177 • RegisterAccountant Lead • Dutch NV COS Standards

AFM Licence 13020177

Official Licence to conduct Statutory Audits under Dutch Law

Methodology & Standards

Structured Execution with Senior Partner Leadership

Custom verification engagements on specific financial accounts, operational data, or contract clauses, resulting in an objective factual findings report.

Standard NV COS 4400N (Agreed-Upon Procedures)

Scope Mutually Agreed Specific Testing Protocol

Output Report of Factual Findings (No Formal Opinion)

Users Boards, Counterparties, Regulatory Authorities

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01 Protocol

Defined Testing Protocol

Detailed agreement on the exact scope, sample sizes, and calculation methods with all interested parties.

02 Verification

Substantive Verification

Execution of precise procedures on accounts, sales thresholds, lease obligations, or compliance metrics.

03 Findings

Report of Factual Findings

Unbiased factual presentation of findings, allowing stakeholders to draw their own conclusions.

NV COS 4400N TARGETED VERIFICATION

Objective Factual Findings on Agreed Procedures

Independent verification of specific financial figures, operational metrics, or contractual clauses, delivering precise factual findings without formal opinion bias.

Factual Findings Report under Standard NV COS 4400N

Earn-Out & Purchase Price Adjustment Verification

Turnover Certification for Retail Leases & Concessions

Royalty, License & Franchise Fee Reconciliation

Supplier & Contractual Compliance Inspections

Regulatory Covenant & Industry-Specific Submissions

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OUR AUP WORKFLOW

Precision-Engineered Verification from Protocol to Report

We craft precise, unambiguous testing protocols aligned with all stakeholders, executing targeted verification with unyielding objectivity.

1. Tripartite Procedure Scoping & Protocol Agreement

Defining exact procedures, underlying source records, and sample sizes with the client and intended report recipients.

2. Digital Evidence Collection & Verification Testing

Executing the agreed inspection, calculation, and reconciliation procedures against verified primary source data.

3. Drafting Clear Factual Findings Without Subjective Opinion

Documenting exact outcomes, exceptions noted, and factual evidence without expressing an overarching assurance conclusion.

4. Delivery of the Formal NV COS 4400N Report

Delivering an authoritative report of factual findings to the designated parties for immediate decision-making.

Authoritative Objectivity Under NV COS 4400N

Agreed-Upon Procedures demand absolute precision in protocol design and uncompromising objectivity in factual reporting. Our registered Dutch RegisterAccountants (RA) assist boards, legal counsel, and commercial counterparties in drafting unambiguous verification procedures. Operating under NV COS 4400N, we deliver transparent, indisputable findings that resolve contractual ambiguities, settle transaction disputes, and satisfy external stakeholders.

Key Questions

Frequently Asked Questions

Clear answers from our partners regarding standards, procedures, and timelines.

Assurance Nature

Does an Agreed-Upon Procedures report provide an auditor’s opinion?

No. Under NV COS 4400N, the auditor does not express an assurance opinion. Instead, we report the factual findings resulting from specific procedures agreed upon in advance, allowing the user to draw their own conclusions.

Use Cases

What are common scenarios where an AUP engagement is utilized?

Common examples include verifying earn-out calculations in acquisitions, certifying tenant turnover for shopping center leases, auditing royalty and franchise fee declarations, and confirming compliance with banking covenants.

Report Distribution

Who is permitted to read and rely on an AUP report?

Because procedures are tailored to specific needs, distribution is typically restricted to the parties who agreed to the procedures, preventing misinterpretation by uninformed third parties.

Protocol Design

Who determines the exact procedures to be performed?

The client and the intended recipients agree upon the procedures with guidance from our partners to ensure the testing is objective, feasible, and legally sound.

Dispute Resolution

Can an AUP report assist in resolving commercial or shareholder disputes?

Yes. An independent factual verification by an AFM-licensed audit firm provides neutral, indisputable findings that frequently resolve disputes without costly litigation.

Timeline & Turnaround

How quickly can an AUP engagement be executed?

Because the scope is focused on specific accounts or transactions, an AUP engagement can often be planned, executed, and reported within one to two weeks after procedures are agreed upon.

International Use

Can the AUP report be issued in English under international standards?

Yes. NV COS 4400N corresponds directly with International Standard on Related Services ISRS 4400. All engagement agreements, workpapers, and reports can be issued in professional English for overseas counterparties.

Fee Structure

How are fees determined for an AUP engagement?

Fees are fixed upfront based on the number and technical complexity of the agreed procedures, ensuring total cost transparency before work begins.

Ready to Discuss Agreed-Upon Procedures (NV COS 4400N)?

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Receive a clear, fixed-fee proposal from Tjerk Wolsak RA or Sven Steijn RA.

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Direct partner line: +31 85 026 10 17 • info@justaudit.nl • Hoofddorp & Harderwijk