Agreed-Upon Procedures
Tailored audits for your business needs.
Agreed-Upon Procedures (AUP) are customized audit procedures developed in consultation with a client to meet specific business needs. Unlike standard audits, AUPs do not provide an opinion on the financial statements but rather verify that certain conditions or operations are in line with agreed criteria. These procedures are ideal for businesses requiring targeted checks, such as compliance with a contract, financial performance in specific areas, or adherence to regulatory guidelines. AUPs offer flexibility and specificity, addressing particular concerns or uncertainties without undertaking a full audit. This approach can be more cost-effective and time-efficient, providing clients with the assurance they need without a broad assessment of their entire financial picture.
Why It Matters
Businesses may need to confirm the accuracy of specific information or verify compliance with certain agreements or regulations. In these cases, a full audit might be unnecessary and excessive. Agreed-Upon Procedures provide a more targeted solution, helping businesses focus their resources on the areas that matter most. For example, a company seeking external financing may use AUPs to confirm compliance with loan covenants or verify certain financial metrics, providing assurance to lenders without the need for a complete audit. This flexibility allows businesses to address particular concerns without incurring the costs and time associated with a full audit.
Problem & Protection
Failure to verify specific requirements could result in missed compliance issues, potential legal disputes, or financial discrepancies. An agreed-upon procedure helps mitigate this risk by providing the necessary verification of selected areas, ensuring that businesses remain compliant and protected from future issues. Without this service, companies may overlook important details or face unnecessary regulatory scrutiny.
What We Do
Governance Risk & Compliance (GRC) Audits
PENDING PENDING PENDING PENDING PENDING PENDING
Internal Control Framework Assessments
PENDING PENDING PENDING PENDING PENDING PENDING
Risk Governance & Management Reviews
PENDING PENDING PENDING PENDING PENDING PENDING
Regulatory Compliance & SOX Implementation
PENDING PENDING PENDING PENDING PENDING PENDING
Whistleblower Protection & Corporate Ethics Strategy
PENDING PENDING PENDING PENDING PENDING PENDING
Our Approach
We use data-driven assessments, internal audit frameworks, and governance best practices to help companies maintain compliance.
- Client Consultation & Scope Definition – Identify key focus areas for the audit
- Procedure Development & Data Collection – Tailor the audit plan and gather relevant information
- Analysis & Reporting – Conduct a detailed review and document findings
- Recommendations & Follow-Up – Provide strategic insights for improvement
Benefits
Safeguard Your Financial Integrity
- Tailored to meet specific business requirements and concerns
- Cost-effective and time-efficient alternative to full audits
- Provides assurance on the accuracy of certain financial or operational conditions
- Can be used to verify compliance with contracts, regulations, or agreed standards
- Enhances transparency by focusing on key areas of interest for stakeholders
- Provides customized audit solutions based on client-specific requirements
- Identifies irregularities in financial records and transactions
- Strengthens transparency and compliance with regulatory and investor expectations
- Offers flexibility in scope, focusing on areas of concern without a full audit
Related Services
“Accounting Precision Meets Investigative Excellence.”
Your Partner in Strategic Business Solutions
Redefining Efficiency, One Task at a Time.”
Strategic Insights for Business Success.”
“Expert Forensic Accounting for Media.”
“Tailored Accounting Services for Business Growth.