Agreed-Upon Procedures

When companies need tailored reporting outside the scope of a traditional audit or review, an AUP can be extremely effective. It can help your company uncover inefficiencies, areas of noncompliance, miscalculations, and other problems that require immediate action. Because AUPs at KSM are performed by highly credentialed auditors, the findings can also enhance the credibility of the information provided to third parties, including banks, regulatory agencies, prospective investors, and prospective buyers.

Focused Reporting With Greater Flexibility

An AUP can meet specific needs that an audit is otherwise unable to do, and it has the potential to meet those needs with greater flexibility.

While the purpose of an audit is for a CPA to provide an opinion on financial statements as a whole, an AUP may cover specific elements of financial statements, such as accounts receivable or inventory. It could also involve elements completely unrelated to financial statements, such as contractual obligations or transaction due diligence. You have the flexibility to choose only the procedures you deem necessary. What’s more, an AUP can be performed at any time during the year, making it highly accommodating to your existing operations.

No matter your objective, KSM can help you determine the AUP that’s right for your business. Contact us today to learn more.