AGREED UPON PROCEDURES
Are you seeking to have only certain aspects of operations to be assessed?
In these cases, KNAV P.A. conducts an assignment based on agreed-upon procedures (‘AUP’). The scope of an AUP engagement is limited to the elements of your business you have questions about. Common examples of an AUP engagement are verifying inventory, collateral, or receivables and testing processes or records against established criteria. Sometimes third party organizations require the client to report on certain agreed-upon procedures – such as the veracity of having followed the covenants in an agreement or having met required parameters. AUP engagements are very efficient because they are tailored to specific client’s needs.