Agreed Upon Procedures
Your assurance needs may not always require an audit of your financial statements. Instead, an agreed upon procedure (AUP) applied to your financial reporting processes and controls might suffice.
Many companies choose to undergo an AUP engagement when purchasing or selling a business, assembling litigation support, examining specific expenditures, or testing a series of transactions to review controls or evaluate for fraudulent activity. An AUP engagement will render clear results from procedures you have requested without the substantial investment of an audit.
At Curtis Blakely & Co., we perform AUP engagements in accordance with the standards issued by the American Institute of Certified Public Accountants (AICPA). Following the engagement, an AUP report will be issued with detailed explanations of the work performed and our findings.