Agreed Upon Procedures (AUPs)
Don’t need a full audit but would like a compliance check? Wegmann Dazet can provide agreed-upon procedures (AUPs) to address a specific requirement or to verify certain transactions.
Your organization may require a report from a certified public accountant, but not necessarily a full financial statement audit. In these cases, we can perform agreed-upon procedures in accordance with standards issued by the AICPA. Since the scope of work of an AUP is limited to only certain areas or procedures, compared to a “full” audit, agreed-upon procedures reports can be more efficient and less time-consuming compared to a financial statement audit.
Examples where we can help you with an AUP include:
- Inventory observation and verifying amounts
- Accounts receivable balances confirmation
- Revenue recognition and lease standards implementations
- Due diligence investigations for prospective purchasers
- Income tax provision calculations
- Compliance checks for regulatory requirements
Now with all this experience, why not give us a ring when you need assistance with verifying a transaction or address a specific requirement in your business?
