These are special reports where the accountant performs specified procedures to enable the expression of an opinion on specific elements, accounts or items in accordance with the agreement of all parties who are entitled to receive the report. As an illustration, an auditor may be requested to provide a compliance report in conjunction with an audit of the financial statements, as required by a bond indenture, loan agreement or regulatory agencies to give assurance about the compliance with loan covenants, payments into sinking funds and dividend restrictions inter alia.