An agreed-upon procedure (AUP) is a standard a company or client outlines when it hires an external party to perform an audit on a specific test or business process. The procedures, which are called audit standards, are designed and agreed upon by the entity conducting the audit, as well as any appropriate third parties.
You may have a third party requesting that you conduct an Agreed-Upon Procedures engagement. This is a type of engagement for which the auditor performs certain procedures that are agreed upon in advance. In this engagement, the auditor and specified parties agree that the auditor will perform specific procedures and report the findings.
Our team of advisors will help your business or organization identify the specific procedures that should be performed to satisfy this request. Our thoughtful and detail-oriented approach helps you improve operations while satisfying any third-party requests. We have the experience to support you through these engagements, encompassing a wide variety of issues and best practices.
While the audit or assurance service needed may be a business requirement it doesn’t mean you should settle for an average experience. If you are unhappy with your current auditor or need assistance with an assurance concern, AdrianYeo can help. For additional information call us at +60 3-7802 3333 or request a callback to speak to one of our audit managers.