Agreed Upon Procedures
Business owners, individuals, and third parties often engage us to perform an agreed-upon procedure (AUP) engagement for specific procedures and report findings. AUPs are conducted by our audit professionals in accordance with attestation standards established by the American Institute of Certified Public Accountants. The business, often at the request of a third party, selects the procedures to be performed and accept full responsibility for the sufficiency of the requested procedures. Our report details the procedures we performed and our findings. Examples of AUP engagements include compliance with licensing and royalty agreements, calculations of the internal rate of return, and other mathematical computations, confirming specific information with third parties, performing specific procedures on work performed by others, and reviewing documents to confirm transactions.
AUP Engagements for Your Business
Our Los Angeles, CA CPAs will help determine if an agreed-upon procedures engagement is the right choice for your business. Contact us now at 310-820-1055 or request a consultation online to learn more.
- Regulatory agencies