Skip to content
  • Home
  • Services
    • Audit & Attest
      • Financial Statement Audits
      • Employee Benefit Plans
      • Attestation Engagements
      • Compilations & Review
      • SOC
      • Agreed-Upon Procedures
    • Advisory
      • Transaction Advisory Services
      • Cybersecurity, Technology Risk, Privacy
      • High Net Worth Services
      • Forensic Services
      • Litigation Services
      • Management Consulting
      • Technology Services
      • Valuation Services
    • Business & Tax
      • Corporate Income Tax
      • Individual Income Tax
      • International Tax
      • State and Local Tax Compliance and Tax Minimization Services
      • Tax Planning
    • T&C Family Office Group
  • Industries
    • Car Wash
    • Construction & Real Estate
    • Government
    • Healthcare
    • Manufacturing & Distribution
    • Nonprofit Organizations
    • Privately-held Companies
    • Professional Services
    • Technology
  • Firm
    • Overview
    • Our People
    • Our Community
    • Templeton Group
      • PracticePro 365
      • T&C Family Office Group
      • Templeton Investigative Services
  • Careers
    • Experienced
    • Students
    • Benefits
  • Pay My Bill
Menu
  • Home
  • Services
    • Audit & Attest
      • Financial Statement Audits
      • Employee Benefit Plans
      • Attestation Engagements
      • Compilations & Review
      • SOC
      • Agreed-Upon Procedures
    • Advisory
      • Transaction Advisory Services
      • Cybersecurity, Technology Risk, Privacy
      • High Net Worth Services
      • Forensic Services
      • Litigation Services
      • Management Consulting
      • Technology Services
      • Valuation Services
    • Business & Tax
      • Corporate Income Tax
      • Individual Income Tax
      • International Tax
      • State and Local Tax Compliance and Tax Minimization Services
      • Tax Planning
    • T&C Family Office Group
  • Industries
    • Car Wash
    • Construction & Real Estate
    • Government
    • Healthcare
    • Manufacturing & Distribution
    • Nonprofit Organizations
    • Privately-held Companies
    • Professional Services
    • Technology
  • Firm
    • Overview
    • Our People
    • Our Community
    • Templeton Group
      • PracticePro 365
      • T&C Family Office Group
      • Templeton Investigative Services
  • Careers
    • Experienced
    • Students
    • Benefits
  • Pay My Bill
CONTACT US

What are Agreed-Upon Procedures (AUP) Engagements?

  • Assurance, Advisory & Review, Blog

Home » What are Agreed-Upon Procedures (AUP) Engagements?

An agreed-upon procedures (AUP) engagement uses procedures similar to an audit, but on a more limited scale. When performing an AUP engagement, we make no formal opinion, just serve as a “fact finder”. The final report lists the procedures performed, and our findings.  It is the client’s responsibility to draw conclusions based on those findings.  An example of some of the scenarios where an AUP engagements can be used include, but are not limited to:

  • Financial data (i.e., accounts payable, accounts receivable, or related party transactions)
  • Nonfinancial information (i.e., review of internal controls, compliance with royalty agreements)
  • Specific financial statement (i.e., income statement or balance sheet)


An AUP engagement can deliver several advantages to businesses and business owners.

They can be performed at any time throughout the year and can be relied on by third parties.  AUP engagements are also cost effective because you, the client, have the flexibility to choose only those procedures you feel are necessary.  AUP engagements can be useful in these situations, among others:

  • Lenders, investors or franchisors may request an AUP engagement if they have questions or concerns about a business’s financials or internal controls
  • If a business owner suspects an employee is misrepresenting the company’s financials
  • M&A due diligence
  • To determine compliance with regulatory requirements from organizations such as HIPAA and FISMA.

 

In short, AUP engagements can be performed in order to supplement audits and consulting engagements. They can also be used as a standalone service.  We can help you identify and customize the appropriate AUP engagement that fits the needs of your business and stakeholders. For more information, contact John Templeton at 561-798-9988 or john@templetonco.com

 

Categories
  • Agribusiness
  • Assurance, Advisory & Review
  • Blog
  • Business Consulting & Corporate Compliance
  • Current Opportunities
  • Employee Benefit Plans / 401(k)
  • Healthcare
  • High Net Worth Individuals
  • Manufacturing & Distribution
  • Newsletter Articles
  • Newsletters
  • Nonprofit
  • Press Releases
  • Privately Held Companies
  • Professional Services
  • Real Estate & Construction
  • Retail
  • Specialty Tax Services
  • T&C Family Office Group
  • Tax Planning & Compliance
  • Technology
  • Uncategorized
  • Valuation Services

SHARE THIS ON:

RELATED POSTS

Endowment Woes! Navigating The Nuances With Endowments

An endowment is a pool of funds donated or set aside to be preserved over time in order to support an organization’s mission. Nonprofits establish

Read More »

Legislation Provides Employee Retention Credit Extension and Expansion: Act Now Before Statutes Close

What is in the Employee Retention Credit Act, and what should you do about it? Congress enacted the Employee Retention Credit (ERC) as part of

Read More »

Is that a Lease? A Focus on Nonprofit Lease Considerations under ASC Topic 842

While Accounting Standards Codification (ASC) Topic 842 is applicable to all entities, the adoption of the new leasing standard by nonprofit organizations is bringing into

Read More »

Contact Us

WEST PALM BEACH
Esperante Building
222 Lakeview Avenue
Suite 1200
West Palm Beach, FL 33401
(561) 798-9988
Fax: (561) 798-4053

FORT LAUDERDALE
The Main
201 East Las Olas Boulevard
Suite 1650
Fort Lauderdale, FL 33301
(954) 333-0001
Fax: (954) 765-0719

Twitter Facebook Instagram Youtube Linkedin
© 2023 Templeton & Company. All Rights Reserved. Website by Weber & Co.
Services
  • Audit & Attest
  • Advisory
  • Business & Tax
  • T&C Family Office Group
  • Pay My Bill
  • Audit & Attest
  • Advisory
  • Business & Tax
  • T&C Family Office Group
  • Pay My Bill
Industries
  • Car Wash
  • Construction & Real Estate
  • Government
  • Healthcare
  • Manufacturing & Distribution
  • Nonprofit Organizations
  • Privately-held Companies
  • Professional Services
  • Technology
  • Car Wash
  • Construction & Real Estate
  • Government
  • Healthcare
  • Manufacturing & Distribution
  • Nonprofit Organizations
  • Privately-held Companies
  • Professional Services
  • Technology
Firm
  • Overview
  • Our People
  • Our Community
  • Templeton Group
  • Overview
  • Our People
  • Our Community
  • Templeton Group
Careers
  • Experienced
  • Students
  • Benefits
  • Experienced
  • Students
  • Benefits
Cleantalk Pixel