Agreed Upon Procedures
About Our Services
An agreed-upon procedures (AUP) engagement is not an audit, but an engagement in which we apply our independent, third-party expertise to financial data. The beauty of an AUP is that it enables you, the client, to determine the type and extent of procedures to be performed. Our report will not result in an opinion of the financial data but will be a detailed account of the exact procedures we performed and the specific results of those procedures.
For example, if you have a concern about the amount of and the procedures surrounding your payroll, we can perform an evaluation of the relationship between amounts actually paid to your employees and the rates set forth in their personnel files. We can test a sample of transactions to look for the checks and balances you have put in place. You can even tell us how many you want us to observe.
The only limitation on an AUP is that both you and RLH agree to the procedures to be performed. You have the ability to specifically address the areas and time periods for which you have concern and can avoid the cost of testing those areas and time periods with which you feel comfortable. The possibilities are endless!
We can perform an AUP as a stand-alone service or in combination with audited, reviewed, or compiled financial statements. If you have a certain area of concern in your financial statements, we can perform the required procedures included in audited, reviewed, or compiled financial statements and then dig deeper in your area of concern with an AUP engagement.
Why Choose RLH
Our AUP team is meticulous and pays special attention to detail. The report you will receive will contain specific details on what we did and what we found. We are well-versed in internal control design and selection. After performing the AUP in your area of concern, we can work with you to create more effective internal controls that will help to alleviate your concerns in the future. Crafting a well-designed AUP can address your areas of concern in greater detail than an audit, with less cost than an audit.
For more information about AUP engagements, contact our Assurance Team Leader or complete the form below. We look forward to working with you!