AGREED-UPON PROCEDURES
AGREED-UPON PROCEDURES
Trusted Agreed-Upon Procedures (AUP)
Sometimes, your organization may need a report based on specific procedures. CKH Group’s Agreed-Upon Procedure engagements allow you to narrow your focus on these procedures and provide you with the ability to draw your own conclusions on the subject matter. This flexibility makes Agreed-Upon Procedures engagements a valuable tool for gaining insight where it’s needed most.
As a leading CPA firm based in Atlanta, we take pride in offering Agreed-Upon Procedures Engagements designed to:
- Give you transparency on your reporting
- Reduce risk or costly errors
- Provide timely and efficient results
What Is An Agreed-Upon Procedures Engagement?
An Agreed-Upon Procedure (AUP) is a type of engagement in which a practitioner performs specific procedures agreed upon by the client. The practitioner will present a report outlining the results of the procedures performed; this report issued is not intended to provide a formal opinion as to whether a company’s financial statements have been prepared in accordance with accounting standards. Instead, the report just presents the results of the procedures performed.
Agreed-upon procedures can be helpful for businesses that need a report of findings on specific matters but do not require a full audit.
Internal Control Testing
Internal Control Testing is a specific type of agreed-upon procedure that is used to assess whether the controls are properly detecting or preventing material errors or purposeful misstatements in financial reports. This can significantly reduce risk.
Advantages to an Agreed Upon Procedure Engagement
There are many reasons why a business might want to engage in this type of attest service. The biggest reason is that an agreed-upon procedure (AUP) is a cost-effective way to reduce risk compared to a full audit. An AUP can be performed at any time during the year and gives you the flexibility to choose only those procedures you feel are necessary.
AUP engagements can be crucial if a business owner suspects their financial results are being misrepresented. It can also be helpful with M&A due diligence or to determine compliance with specific regulatory requirements. Overall, Agreed-Upon Procedure engagements can help identify areas of improvement and potential risks that may become a problem in an audit.
Why Choose CKH Group?
CKH Group’s Assurance Services are designed to empower organizations with confidence in their financial reporting and decision-making.
With CKH Group, you’re not just getting a CPA firm; you’re gaining a trusted partner committed to your success. Discover the CKH Group advantage, where excellence, integrity, and expertise come together to create a powerful assurance partnership for you. Contact us today to explore how our External Audits can add value to your organization.
