Agreed Upon Procedures

Description of Purposes and Deliveries of the service

The primary purpose of the service is to provide the clients with reports on factual findings basing on the procedures agreed by the clients. As the auditor provides a report of the factual findings of agreed-upon procedures, no assurance is expressed in the report. Instead, users of the report assess for themselves the procedures and findings reported by the auditor and draw their conclusions from the auditor's work.

Agreed-upon procedures ("AUP") may be used in buying or selling a business, verifying cash balances, checking security balances, checking income tax provisions, reviewing internal control and environmental management systems...

Who are clients of the service?

There is a wide range of users that use reports of factual findings for a variety of reasons. For many entities, AUP engagements increase accountability around financial information, and for smaller entities, due to some limitation of audit exemption, AUP becomes a useful alternative to the audit.